A2Z Smart Technologies Corp. (NASDAQ:AZ) Sees Significant Decrease in Short Interest

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 20,300 shares, a decline of 33.2% from the May 31st total of 30,400 shares. Based on an average daily trading volume, of 109,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in A2Z Smart Technologies stock. Kestra Advisory Services LLC bought a new stake in A2Z Smart Technologies Corp. (NASDAQ:AZ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $41,000. Kestra Advisory Services LLC owned approximately 0.07% of A2Z Smart Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.64% of the company’s stock.

A2Z Smart Technologies Stock Up 6.4 %

AZ traded up $0.02 during midday trading on Friday, hitting $0.40. 49,907 shares of the company were exchanged, compared to its average volume of 67,110. The firm has a market capitalization of $16.39 million, a P/E ratio of -1.21 and a beta of 1.57. A2Z Smart Technologies has a 1-year low of $0.34 and a 1-year high of $2.58. The firm’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.79.

A2Z Smart Technologies (NASDAQ:AZ) last posted its quarterly earnings data on Tuesday, April 2nd. The company reported ($0.06) earnings per share for the quarter. A2Z Smart Technologies had a negative return on equity of 6,821.36% and a negative net margin of 152.23%. The business had revenue of $1.35 million during the quarter.

A2Z Smart Technologies Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.