Short Interest in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Increases By 51.2%

Key Points

• Short interest in A2Z Cust2Mate Solutions Corp. increased by 51.2% in September, with a total of 1,200,000 shares now sold short, representing 9.3% of the company's shares.
• The stock has a current market capitalization of $280.81 million and experienced a negative earnings per share of ($0.31) in its last earnings report.
• Analysts have mixed ratings on the stock, with an average price target set at $20.00, while several firms have downgraded it to a "strong sell" rating.

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,200,000 shares, a growth of 51.2% from the September 15th total of 793,400 shares. Based on an average daily volume of 308,800 shares, the days-to-cover ratio is currently 3.9 days. Approximately 9.3% of the shares of the company are sold short. Approximately 9.3% of the shares of the company are sold short. Based on an average daily volume of 308,800 shares, the days-to-cover ratio is currently 3.9 days.

A2Z Cust2Mate Solutions Stock Performance

AZ opened at $6.71 on Wednesday. A2Z Cust2Mate Solutions has a fifty-two week low of $3.93 and a fifty-two week high of $12.36. The company has a market capitalization of $280.81 million, a P/E ratio of -5.59 and a beta of 1.39. The stock has a fifty day moving average of $8.24 and a 200-day moving average of $8.87.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last posted its 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 firm had revenue of $1.16 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, October 8th. Wall Street Zen downgraded A2Z Cust2Mate Solutions from a "hold" rating to a "strong sell" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.00.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. ARS Investment Partners LLC acquired a new stake in shares of A2Z Cust2Mate Solutions during the second quarter worth $124,000. Hohimer Wealth Management LLC bought a new position in shares of A2Z Cust2Mate Solutions in the first quarter worth $141,000. Woodward Diversified Capital LLC bought a new position in shares of A2Z Cust2Mate Solutions in the first quarter worth $143,000. Osaic Holdings Inc. bought a new position in shares of A2Z Cust2Mate Solutions in the second quarter worth $146,000. Finally, NewEdge Advisors LLC bought a new position in shares of A2Z Cust2Mate Solutions in the second quarter worth $148,000. Institutional investors and hedge funds own 12.64% of the company's stock.

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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