Short Interest in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Rises By 53.2%

Key Points

• A2Z Cust2Mate Solutions Corp. experienced a **53.2% increase** in short interest, with a total of **333,400 shares** as of July 15th, indicating growing bearish sentiment among investors.
• Several hedge funds invested in A2Z Cust2Mate Solutions during the first and second quarters, with institutional investors now owning **12.64%** of the company's stock.
• Weiss Ratings has **restated a "sell (d-)" rating** on A2Z Cust2Mate Solutions, reflecting a negative outlook on the company's performance.

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 333,400 shares, anincreaseof53.2% from the June 30th total of 217,600 shares. Approximately2.6% of the company's stock are sold short. Based on an average daily volume of 231,300 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 231,300 shares, the short-interest ratio is currently 1.4 days. Approximately2.6% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AZ. FNY Investment Advisers LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 1st quarter valued at $35,000. Geode Capital Management LLC raised its holdings in shares of A2Z Cust2Mate Solutions by 113.3% during the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company's stock valued at $226,000 after acquiring an additional 11,342 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of A2Z Cust2Mate Solutions in the 1st quarter valued at approximately $141,000. Woodward Diversified Capital LLC acquired a new position in A2Z Cust2Mate Solutions in the 1st quarter worth approximately $143,000. Finally, Corsair Capital Management L.P. purchased a new position in A2Z Cust2Mate Solutions during the 1st quarter worth approximately $157,000. 12.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, August 1st.

A2Z Cust2Mate Solutions Stock Up 0.1%

Shares of AZ traded up $0.01 during mid-day trading on Friday, hitting $9.45. The company had a trading volume of 114,866 shares, compared to its average volume of 262,321. A2Z Cust2Mate Solutions has a 1-year low of $1.38 and a 1-year high of $12.36. The business's 50-day simple moving average is $10.11 and its 200-day simple moving average is $8.40. The stock has a market cap of $279.63 million, a PE ratio of -9.69 and a beta of 1.45.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share for the quarter. A2Z Cust2Mate Solutions had a negative net margin of 321.32% and a negative return on equity of 256.23%.

A2Z Cust2Mate Solutions 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.