Sadot Group Inc. (NASDAQ:SDOT) Short Interest Up 22.0% in March

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 83,501 shares, a growth of 22.0% from the February 26th total of 68,442 shares. Approximately 6.5% of the shares of the company are short sold. Based on an average daily volume of 51,196 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC bought a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.60% of Sadot Group as of its most recent SEC filing. 13.27% of the stock is currently owned by institutional investors and hedge funds.

Sadot Group Stock Down 1.0%

NASDAQ:SDOT traded down $0.02 during mid-day trading on Tuesday, hitting $1.53. 2,899 shares of the stock traded hands, compared to its average volume of 353,137. The company has a market cap of $1.98 million, a PE ratio of -0.10 and a beta of 0.84. Sadot Group has a 12-month low of $1.17 and a 12-month high of $26.90. The business’s 50-day moving average price is $2.41 and its 200 day moving average price is $3.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sadot Group in a research report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sadot Group currently has a consensus rating of “Sell”.

Sadot Group Company Profile

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.