A2Z Smart Technologies Corp. (NASDAQ:AZ - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 199,900 shares, a decrease of 20.0% from the April 30th total of 249,900 shares. Based on an average daily volume of 149,000 shares, the short-interest ratio is currently 1.3 days. Approximately 1.5% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, Benchmark raised their price objective on shares of A2Z Smart Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th.
Get Our Latest Stock Report on A2Z Smart Technologies
A2Z Smart Technologies Stock Down 1.1%
AZ stock traded down $0.10 during trading on Wednesday, hitting $8.96. The company had a trading volume of 68,860 shares, compared to its average volume of 103,300. The firm has a 50-day moving average price of $8.01 and a 200-day moving average price of $7.27. A2Z Smart Technologies has a 12 month low of $0.85 and a 12 month high of $9.93. The stock has a market cap of $265.13 million, a price-to-earnings ratio of -17.92 and a beta of 1.38.
A2Z Smart Technologies (NASDAQ:AZ - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share for the quarter.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of A2Z Smart Technologies during the 1st quarter worth approximately $2,242,000. Alyeska Investment Group L.P. acquired a new stake in A2Z Smart Technologies during the 1st quarter worth $8,514,000. Corsair Capital Management L.P. bought a new stake in shares of A2Z Smart Technologies during the 1st quarter valued at $157,000. Woodward Diversified Capital LLC acquired a new position in shares of A2Z Smart Technologies in the 1st quarter valued at $143,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of A2Z Smart Technologies in the 1st quarter valued at $141,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.
About A2Z Smart Technologies
(
Get Free Report)
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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