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

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 46,500 shares, a drop of 62.5% from the March 31st total of 124,100 shares. Based on an average daily trading volume, of 186,800 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Sadot Group Stock Performance

Shares of NASDAQ:SDOT remained flat at $0.27 during midday trading on Friday. The company had a trading volume of 12,188 shares, compared to its average volume of 131,968. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.03. Sadot Group has a twelve month low of $0.22 and a twelve month high of $1.60. The stock’s 50-day moving average is $0.33 and its two-hundred day moving average is $0.43. The company has a market cap of $13.99 million, a P/E ratio of -1.29 and a beta of 0.96.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings data on Wednesday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). Sadot Group had a negative return on equity of 21.34% and a negative net margin of 1.08%. The firm had revenue of $171.23 million for the quarter, compared to analysts’ expectations of $182.10 million. As a group, equities analysts anticipate that Sadot Group will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Separately, Alliance Global Partners reaffirmed a “neutral” rating on shares of Sadot Group in a research report on Friday, March 22nd.

Institutional Trading of Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Gladstone Institutional Advisory LLC acquired a new position in shares of Sadot Group Inc. (NASDAQ:SDOT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 145,000 shares of the company’s stock, valued at approximately $58,000. Gladstone Institutional Advisory LLC owned approximately 0.31% of Sadot Group at the end of the most recent quarter. Institutional investors and hedge funds own 13.27% of the company’s stock.

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.