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Short Interest in Save Foods, Inc. (NASDAQ:SVFD) Drops By 41.8%

Financial News Live ·  Dec 31, 2022 18:01

Save Foods, Inc. (NASDAQ:SVFD – Get Rating) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 21,300 shares, a drop of 41.8% from the November 30th total of 36,600 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company's shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Save Foods in the 1st quarter valued at $65,000. Psagot Value Holdings Ltd. Israel purchased a new position in shares of Save Foods in the 3rd quarter valued at $57,000. Finally, Virtu Financial LLC purchased a new position in shares of Save Foods in the 1st quarter valued at $174,000. 14.50% of the stock is currently owned by hedge funds and other institutional investors.

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Save Foods Trading Up 0.7 %

SVFD traded up $0.01 during trading on Friday, hitting $0.76. 12,389 shares of the stock were exchanged, compared to its average volume of 44,434. The firm has a 50 day simple moving average of $1.29 and a 200 day simple moving average of $2.48. Save Foods has a 1 year low of $0.70 and a 1 year high of $8.00.

Save Foods (NASDAQ:SVFD – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported ($0.48) EPS for the quarter. Save Foods had a negative return on equity of 101.90% and a negative net margin of 1,645.13%. The firm had revenue of $0.05 million for the quarter.

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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