Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Expands By 276.7%

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 154,090 shares, an increase of 276.7% from the April 30th total of 40,907 shares. Based on an average daily volume of 54,170,802 shares, the short-interest ratio is presently 0.0 days. Currently, 8.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Sadot Group Stock Performance

SDOT stock traded down $0.43 during midday trading on Friday, reaching $2.77. The stock had a trading volume of 227,458 shares, compared to its average volume of 320,989. The stock has a market cap of $248,850.00, a PE ratio of -0.18 and a beta of 0.75. The firm has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $42.73. Sadot Group has a 52-week low of $2.63 and a 52-week high of $460.00.

Sadot Group (NASDAQ:SDOT) last issued its earnings results on Friday, May 15th. The company reported ($53.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $74.00 by ($127.40). Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.

Hedge Funds Weigh In On Sadot Group

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

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.