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

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 30,400 shares, an increase of 34.5% from the May 15th total of 22,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 120,300 shares, the days-to-cover ratio is presently 0.3 days.

A2Z Smart Technologies Price Performance

Shares of A2Z Smart Technologies stock traded down $0.02 during mid-day trading on Friday, hitting $0.37. 69,256 shares of the stock were exchanged, compared to its average volume of 84,524. A2Z Smart Technologies has a 12 month low of $0.34 and a 12 month high of $3.04. The company has a 50-day simple moving average of $0.41 and a 200 day simple moving average of $0.85.

A2Z Smart Technologies (NASDAQ:AZ) last posted its earnings results on Tuesday, April 2nd. The company reported ($0.06) EPS for the quarter. A2Z Smart Technologies had a negative return on equity of 6,821.36% and a negative net margin of 152.23%. The firm had revenue of $1.35 million for the quarter.

Hedge Funds Weigh In On A2Z Smart Technologies

A hedge fund recently bought a new stake in A2Z Smart Technologies stock. Kestra Advisory Services LLC purchased a new position in A2Z Smart Technologies Corp. (NASDAQ:AZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $41,000. Kestra Advisory Services LLC owned 0.07% of A2Z Smart Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 12.64% of the company’s stock.

About A2Z Smart Technologies

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.