Sadot Group Inc. (NASDAQ:SDOT) Sees Significant Decrease in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 68,442 shares, a decline of 14.2% from the February 12th total of 79,724 shares. Approximately 5.3% of the company’s shares are sold short. Based on an average trading volume of 10,417 shares, the days-to-cover ratio is presently 6.6 days. Based on an average trading volume of 10,417 shares, the days-to-cover ratio is presently 6.6 days. Approximately 5.3% of the company’s shares are sold short.

Sadot Group Stock Down 1.9%

NASDAQ:SDOT opened at $2.02 on Tuesday. Sadot Group has a 52 week low of $1.17 and a 52 week high of $30.69. The company has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $4.17. The company has a market cap of $2.61 million, a price-to-earnings ratio of -0.13 and a beta of 0.84.

Institutional Investors Weigh In On Sadot Group

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC purchased a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group at the end of the most recent reporting period. Institutional investors and hedge funds own 13.27% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sadot Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sadot Group currently has an average rating of “Sell”.

About Sadot Group

Sadot Group Inc provides supply chain solutions that address growing food security challenges worldwide. The company is involved in the agri-commodity sourcing and trading operations for food/feed products, such as soybean meal, wheat, and corn; and farm operations, including producing grains and tree crops in Southern Africa. The company is also involved in the food service operations across the United States. The company was formerly known as Muscle Maker Inc and changed its name to Sadot Group Inc Sadot Group Inc was incorporated in 2019 and is headquartered in Fort Worth, Texas.