A2Z Smart Technologies Corp. (NASDAQ:AZ - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 163,200 shares, a drop of 14.9% from the February 28th total of 191,800 shares. Based on an average trading volume of 116,600 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the shares of the company are sold short.
Hedge Funds Weigh In On A2Z Smart Technologies
Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in A2Z Smart Technologies during the 4th quarter worth approximately $287,000. IHT Wealth Management LLC acquired a new position in shares of A2Z Smart Technologies during the fourth quarter worth $1,156,000. Garnet Equity Capital Holdings Inc. bought a new position in shares of A2Z Smart Technologies in the 4th quarter valued at $1,986,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of A2Z Smart Technologies during the 4th quarter valued at $3,619,000. Institutional investors and hedge funds own 12.64% of the company's stock.
Wall Street Analyst Weigh In
Separately, Benchmark lifted their price target 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.
Read Our Latest Stock Report on AZ
A2Z Smart Technologies Stock Up 0.7 %
Shares of NASDAQ:AZ traded up $0.05 during trading on Friday, reaching $6.85. 85,309 shares of the company traded hands, compared to its average volume of 84,030. A2Z Smart Technologies has a 52 week low of $0.85 and a 52 week high of $8.28. The firm has a market capitalization of $202.69 million, a PE ratio of -13.70 and a beta of 1.39. The company's 50 day moving average is $7.00 and its two-hundred day moving average is $5.96.
A2Z Smart Technologies (NASDAQ:AZ - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.26). The business had revenue of $2.00 million for the quarter, compared to analysts' expectations of $2.00 million.
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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