A2Z Smart Technologies Corp. (NASDAQ:AZ) Sees Large Decline in Short Interest

A2Z Smart Technologies Corp. (NASDAQ:AZ) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 18,900 shares, a drop of 88.6% from the March 31st total of 166,400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 111,700 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On A2Z Smart Technologies

An institutional investor recently bought a new position in A2Z Smart Technologies stock. Red Door Wealth Management LLC bought a new position in shares of A2Z Smart Technologies Corp. (NASDAQ:AZ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $25,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

A2Z Smart Technologies Stock Down 10.4 %

Shares of NASDAQ:AZ traded down $0.05 during trading on Thursday, reaching $0.42. 78,311 shares of the company’s stock traded hands, compared to its average volume of 106,484. The firm has a market cap of $17.35 million, a PE ratio of -0.96 and a beta of 1.42. A2Z Smart Technologies has a fifty-two week low of $0.35 and a fifty-two week high of $3.04. The company has a 50-day simple moving average of $0.76 and a 200-day simple moving average of $1.11.

A2Z Smart Technologies (NASDAQ:AZ) last posted its quarterly earnings data on Tuesday, April 2nd. The company reported ($0.06) EPS for the quarter. A2Z Smart Technologies had a negative net margin of 143.58% and a negative return on equity of 6,821.36%. The business had revenue of $1.35 million during the quarter.

About A2Z Smart Technologies

A2Z Smart Technologies Corp., a technology company, provides military and civilization technologies for supermarkets in Israel and internationally. The company offers retail automation solutions for large grocery stores and supermarkets; and the Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.