Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Drops By 31.2%

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 38,600 shares, a decline of 31.2% from the May 15th total of 56,100 shares. Based on an average daily trading volume, of 189,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Sadot Group Stock Performance

Shares of SDOT stock remained flat at $0.27 on Friday. 5,699,019 shares of the stock were exchanged, compared to its average volume of 125,458. The firm has a 50 day simple moving average of $0.28 and a 200-day simple moving average of $0.34. The stock has a market capitalization of $14.88 million, a P/E ratio of -1.51 and a beta of 0.98. Sadot Group has a one year low of $0.22 and a one year high of $1.47.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $107.94 million for the quarter, compared to analyst estimates of $215.10 million. Sadot Group had a negative return on equity of 16.63% and a negative net margin of 1.13%. Equities research analysts predict that Sadot Group will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Gladstone Institutional Advisory LLC acquired a new stake in shares of Sadot Group Inc. (NASDAQ:SDOT) in the fourth 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 about 0.31% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is currently owned by institutional investors and hedge funds.

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.