Nexera Technologies Ltd. (NASDAQ:NEXR) Sees Large Increase in Short Interest

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 167,461 shares, an increase of 177.0% from the September 15th total of 60,458 shares. Currently, 61.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,026,387 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NEXR shares. Weiss Ratings upgraded shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. Wall Street Zen downgraded shares of Nexera Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Nexera Technologies currently has a consensus rating of “Sell”.

Nexera Technologies Price Performance

NEXR stock traded up $0.01 during midday trading on Wednesday, hitting $0.98. 24,257 shares of the stock were exchanged, compared to its average volume of 469,916. The stock’s 50-day moving average price is $1.86 and its 200-day moving average price is $9.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.20 and a current ratio of 3.23. Nexera Technologies has a fifty-two week low of $0.91 and a fifty-two week high of $659.12.

Nexera Technologies (NASDAQ:NEXR) last posted its earnings results on Monday, August 31st. The company reported ($25.90) earnings per share for the quarter. The business had revenue of $5.21 million during the quarter.

Nexera Technologies Company Profile

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.