Caring Brands, Inc. (NASDAQ:CABR) Shares Shorted: Short Interest Down 65.3% in September

Caring Brands, Inc. (NASDAQ:CABR) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 6,427 shares, a decline of 65.3% from the September 15th total of 18,496 shares. Based on an average daily trading volume, of 19,627 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Caring Brands in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Caring Brands has a consensus rating of “Sell”.

Caring Brands Stock Up 2.7%

NASDAQ:CABR traded up $0.04 on Tuesday, reaching $1.32. 29,916 shares of the company’s stock traded hands, compared to its average volume of 92,342. The stock has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.23. Caring Brands has a 12 month low of $0.71 and a 12 month high of $5.35. The firm has a market cap of $13.74 million and a PE ratio of -1.79.

Caring Brands (NASDAQ:CABR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter.

Institutional Investors Weigh In On Caring Brands

An institutional investor recently bought a new position in Caring Brands stock. Susquehanna International Group LLP acquired a new stake in shares of Caring Brands, Inc. (NASDAQ:CABR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,771 shares of the company’s stock, valued at approximately $26,000. Susquehanna International Group LLP owned about 0.20% of Caring Brands at the end of the most recent reporting period.

About Caring Brands

Caring Brands International, Inc is a home care company that supports a network of businesses providing in-home assistance and related care services. Its services are designed to help older adults, individuals with disabilities and others who need support with daily activities remain safely and comfortably in their homes.

The company’s offerings generally include companionship, personal care, help with daily living activities and respite support for family caregivers. Caring Brands operates through home care brands and franchise locations, which deliver services in local communities and coordinate care based on clients’ individual needs.

Through its franchise-based model, Caring Brands provides local operators with branding, business support, training and operational resources while expanding access to non-medical home care services.