Short Interest in Nexera Technologies Ltd. (NASDAQ:NEXR) Increases By 2,596.2%

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 868,001 shares, a growth of 2,596.2% from the May 14th total of 32,193 shares. Based on an average daily volume of 8,617,209 shares, the days-to-cover ratio is presently 0.1 days. Approximately 273.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Nexera Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nexera Technologies currently has an average rating of “Sell”.

Nexera Technologies Stock Performance

NEXR traded down $0.13 during trading on Tuesday, reaching $0.80. The company’s stock had a trading volume of 1,720,660 shares, compared to its average volume of 11,144,766. The company has a current ratio of 1.82, a quick ratio of 0.70 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $1.71 and a two-hundred day simple moving average of $7.65. Nexera Technologies has a 1 year low of $0.80 and a 1 year high of $149.94.

About Nexera Technologies

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.