Sadot Group Inc. (NASDAQ:SDOT) Sees Large Increase in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 122,776 shares, an increase of 83.5% from the August 15th total of 66,907 shares. Currently, 9.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,981,218 shares, the short-interest ratio is currently 0.0 days.

Sadot Group Trading Up 1.5%

Sadot Group stock traded up $0.18 during mid-day trading on Wednesday, hitting $11.87. The stock had a trading volume of 17,620 shares, compared to its average volume of 1,677,340. The stock has a 50-day simple moving average of $15.10 and a two-hundred day simple moving average of $21.44. The stock has a market capitalization of $15.67 million, a PE ratio of -0.03 and a beta of -1.46. Sadot Group has a 12 month low of $2.63 and a 12 month high of $260.40.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings data on Friday, August 14th. The company reported $71.58 EPS for the quarter. Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.

Analyst Ratings Changes

SDOT has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Sadot Group in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Sadot Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently 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.