A2Z Smart Technologies Corp. (NASDAQ:AZ – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 186,100 shares, a growth of 37.9% from the January 15th total of 135,000 shares. Based on an average daily volume of 103,600 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.5% of the company’s stock are short sold.
Institutional Trading of A2Z Smart Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZ. Clal Insurance Enterprises Holdings Ltd acquired a new position in A2Z Smart Technologies during the fourth quarter worth $3,619,000. Garnet Equity Capital Holdings Inc. bought a new stake in shares of A2Z Smart Technologies during the fourth quarter worth about $1,986,000. IHT Wealth Management LLC acquired a new stake in shares of A2Z Smart Technologies in the 4th quarter worth about $1,156,000. Finally, Renaissance Technologies LLC bought a new position in A2Z Smart Technologies in the 4th quarter valued at about $287,000. 12.64% of the stock is owned by institutional investors.
A2Z Smart Technologies Stock Up 2.9 %
AZ traded up $0.19 during midday trading on Friday, hitting $6.75. The company had a trading volume of 127,245 shares, compared to its average volume of 106,226. The stock’s 50 day moving average price is $6.82 and its 200 day moving average price is $4.65. A2Z Smart Technologies has a 52 week low of $0.85 and a 52 week high of $7.80. The company has a market capitalization of $185.22 million, a price-to-earnings ratio of -13.50 and a beta of 1.38.
A2Z Smart Technologies 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.
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