A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Sees Significant Increase in Short Interest

Key Points

• A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) experienced a significant increase in short interest, with shares short sold rising by 39.1% in August, totaling 503,000 shares.
• A2Z's stock has drawn mixed ratings; while one analyst has given it a Buy rating, Weiss Ratings and Wall Street Zen have downgraded their assessments to sell and strong sell, respectively.
• The company's recent earnings report showed a loss of ($0.31) EPS and a revenue of $1.16 million, contributing to a negative net margin of 479.28%.

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Get Free Report) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 503,000 shares, agrowthof39.1% from the July 31st total of 361,700 shares. Approximately3.9% of the shares of the company are short sold. Based on an average daily volume of 225,900 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily volume of 225,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately3.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $146,000. Honeycomb Asset Management LP bought a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at $1,773,000. NewEdge Advisors LLC bought a new stake in shares of A2Z Cust2Mate Solutions in the 2nd quarter valued at about $148,000. Marshall Wace LLP acquired a new stake in A2Z Cust2Mate Solutions during the 2nd quarter valued at approximately $412,000. Finally, XTX Topco Ltd acquired a new position in A2Z Cust2Mate Solutions in the second quarter valued at $219,000. 12.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AZ has been the subject of a number of research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research report on Saturday, August 16th. Wall Street Zen lowered shares of A2Z Cust2Mate Solutions from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $20.00.

A2Z Cust2Mate Solutions Stock Down 1.8%

Shares of AZ stock opened at $8.54 on Monday. A2Z Cust2Mate Solutions has a 12-month low of $1.38 and a 12-month high of $12.36. The firm has a fifty day moving average of $9.90 and a 200-day moving average of $8.73. The firm has a market capitalization of $252.70 million, a price-to-earnings ratio of -7.12 and a beta of 1.44.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($0.31) EPS for the quarter. A2Z Cust2Mate Solutions had a negative net margin of 479.28% and a negative return on equity of 187.41%. The firm had revenue of $1.16 million during the quarter.

About A2Z Cust2Mate Solutions

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.

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