Sadot Group Inc. (NASDAQ:SDOT) Short Interest Down 35.8% in July

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Wall Street Zen downgraded Sadot Group to a “strong sell” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Sadot Group Price Performance

SDOT stock opened at $13.25 on Friday. The firm has a 50 day simple moving average of $19.22 and a two-hundred day simple moving average of $31.84. The stock has a market cap of $8.88 million, a PE ratio of -0.04 and a beta of -1.58. Sadot Group has a one year low of $2.63 and a one year high of $260.40.

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

Institutional Investors Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC acquired a new position in Sadot Group Inc. (NASDAQ:SDOT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group at the end of the most recent quarter. Institutional investors 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. 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.