A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Short Interest Up 39.1% in August

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) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 503,000 shares, an increase of 39.1% from the July 31st total of 361,700 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average trading volume of 225,900 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 225,900 shares, the short-interest ratio is presently 2.2 days. Currently, 3.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AZ shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a report on Saturday, August 16th. Wall Street Zen cut shares of A2Z Cust2Mate Solutions from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $20.00.

A2Z Cust2Mate Solutions Trading Down 3.4%

Shares of NASDAQ:AZ traded down $0.29 on Friday, reaching $8.32. 286,265 shares of the company were exchanged, compared to its average volume of 233,286. A2Z Cust2Mate Solutions has a 1-year low of $1.66 and a 1-year high of $12.36. The firm has a market cap of $246.19 million, a price-to-earnings ratio of -6.93 and a beta of 1.43. The company has a 50-day moving average of $9.72 and a 200-day moving average of $8.74.

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

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter worth about $2,242,000. Alyeska Investment Group L.P. purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter worth about $8,514,000. Fortitude Advisory Group L.L.C. purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter worth about $906,000. FNY Investment Advisers LLC purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter worth about $35,000. Finally, Corsair Capital Management L.P. purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter worth about $157,000. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

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.