Sadot Group Inc. (NASDAQ:SDOT) Short Interest Update

Sadot Group Inc. (NASDAQ:SDOT) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 64,145 shares, a decrease of 35.8% from the June 30th total of 99,947 shares. Based on an average daily trading volume, of 2,371,053 shares, the short-interest ratio is presently 0.0 days. Approximately 9.6% of the shares of the company are short sold.

Institutional Trading of Sadot Group

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC bought a new position in Sadot Group Inc. (NASDAQ:SDOT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is currently owned by hedge funds and other institutional investors.

Sadot Group Trading Down 1.6%

Shares of SDOT stock opened at $14.04 on Friday. The firm has a market capitalization of $9.41 million, a P/E ratio of -0.05 and a beta of -1.58. Sadot Group has a 1 year low of $2.63 and a 1 year high of $260.40. The firm’s fifty day simple moving average is $19.02 and its 200 day simple moving average is $31.97.

Sadot Group (NASDAQ:SDOT) last posted its quarterly earnings results on Friday, May 15th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $74.00 by ($76.67). Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.

Wall Street Analyst Weigh In

SDOT has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Sadot Group to a “strong sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.