A2Z Smart Technologies Corp. (NASDAQ:AZ - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 199,900 shares, a drop of 20.0% from the April 30th total of 249,900 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 149,000 shares, the short-interest ratio is currently 1.3 days.
A2Z Smart Technologies Stock Performance
A2Z Smart Technologies stock traded down $0.31 during midday trading on Thursday, reaching $8.57. 146,446 shares of the company's stock were exchanged, compared to its average volume of 104,249. A2Z Smart Technologies has a 52 week low of $0.85 and a 52 week high of $9.93. The firm has a market cap of $253.59 million, a price-to-earnings ratio of -17.14 and a beta of 1.46. The stock's 50-day simple moving average is $8.04 and its 200 day simple moving average is $7.28.
A2Z Smart Technologies (NASDAQ:AZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On A2Z Smart Technologies
Institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in shares of A2Z Smart Technologies during the first quarter worth $8,514,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in A2Z Smart Technologies in the fourth quarter valued at $3,619,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in A2Z Smart Technologies in the first quarter valued at $2,242,000. Garnet Equity Capital Holdings Inc. acquired a new stake in A2Z Smart Technologies in the fourth quarter valued at $1,986,000. Finally, IHT Wealth Management LLC bought a new stake in A2Z Smart Technologies during the fourth quarter valued at $1,156,000. Institutional investors own 12.64% of the company's stock.
Analyst Ratings Changes
Separately, Benchmark lifted their price target on A2Z Smart Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th.
Check Out Our Latest Research Report on A2Z Smart Technologies
A2Z Smart Technologies Company Profile
(
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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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