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Save Foods, Inc. (NASDAQ:SVFD) Short Interest Up 1,761.1% in October

kopsource ·  Nov 12, 2022 08:51

Save Foods, Inc. (NASDAQ:SVFD – Get Rating) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 33,500 shares, a growth of 1,761.1% from the October 15th total of 1,800 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 135,700 shares, the days-to-cover ratio is presently 0.2 days.

Save Foods Price Performance

Save Foods stock opened at $1.38 on Friday. The stock has a market capitalization of $3.97 million, a PE ratio of -0.71 and a beta of 1.20. Save Foods has a 12 month low of $1.30 and a 12 month high of $8.40. The business has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $3.23.

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Save Foods (NASDAQ:SVFD – Get Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.44) EPS for the quarter. Save Foods had a negative return on equity of 90.60% and a negative net margin of 1,433.77%. The firm had revenue of $0.03 million for the quarter.

Institutional Trading of Save Foods

Several large investors have recently made changes to their positions in SVFD. Virtu Financial LLC purchased a new stake in shares of Save Foods during the first quarter worth approximately $174,000. North Star Investment Management Corp. increased its position in shares of Save Foods by 198.6% during the first quarter. North Star Investment Management Corp. now owns 30,069 shares of the company's stock worth $173,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Save Foods during the first quarter worth approximately $65,000. 6.41% of the stock is currently owned by hedge funds and other institutional investors.

Save Foods Company Profile

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Save Foods, Inc, an agri-food tech company, develops and sells eco-friendly green treatments for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with oxidizing agent-based sanitizers for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay.

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