Sadot Group Inc. (NASDAQ:SDOT – Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 47,700 shares, a decrease of 61.3% from the February 29th total of 123,200 shares. Based on an average daily trading volume, of 217,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Alliance Global Partners reiterated a “neutral” rating on shares of Sadot Group in a report on Friday, March 22nd.
View Our Latest Report on Sadot Group
Sadot Group Stock Performance
Institutional Trading of Sadot Group
A number of large investors have recently modified their holdings of SDOT. Vanguard Group Inc. purchased a new position in Sadot Group in the fourth quarter worth $341,000. Gladstone Institutional Advisory LLC purchased a new stake in Sadot Group in the 4th quarter valued at approximately $58,000. Finally, Northern Trust Corp acquired a new position in Sadot Group in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 13.27% of the company’s stock.
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.
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