Short Interest in SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Declines By 39.2%

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 3,434 shares, a decline of 39.2% from the May 31st total of 5,644 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 28,038 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

SaverOne 2014 Price Performance

Shares of NASDAQ SVRE traded down $0.29 during trading hours on Wednesday, hitting $2.35. 394,092 shares of the stock were exchanged, compared to its average volume of 371,742. SaverOne 2014 has a one year low of $2.02 and a one year high of $40.68. The company’s 50 day moving average is $4.25 and its 200 day moving average is $4.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 1.88.

SaverOne 2014 (NASDAQ:SVRE) last announced its earnings results on Friday, March 27th. The company reported ($51.79) EPS for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $1.83 million.

Insider Buying and Selling

In other SaverOne 2014 news, Director Visionwave Holdings, Inc. purchased 5,529,600 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $4.00 per share, for a total transaction of $22,118,400.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

About SaverOne 2014

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.