Jeffs’ Brands Ltd (NASDAQ:JFBR) Sees Significant Increase in Short Interest

Posted by Matthew Steigler on Jul 29th, 2024

Jeffs’ Brands Ltd (NASDAQ:JFBR – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 196,400 shares, an increase of 89.6% from the June 30th total of 103,600 shares. Approximately 6.2% of the company’s stock are short sold. Based on an average daily volume of 3,270,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP bought a new stake in Jeffs’ Brands Ltd (NASDAQ:JFBR – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned about 10.20% of Jeffs’ Brands at the end of the most recent reporting period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Jeffs’ Brands Stock Performance

JFBR stock traded down $0.02 during trading on Friday, hitting $0.26. 839,284 shares of the company’s stock traded hands, compared to its average volume of 1,458,327. Jeffs’ Brands has a 1 year low of $0.17 and a 1 year high of $5.29. The business has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $1.00.

Jeffs’ Brands Company Profile

(Get Free Report)

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-tip dart sets under the CC-Exquisite brand; car door pet scratches protectors under the PetEvo brand; bag sets, including adjustable stands and boxing gloves, and party supply kits for children under the Whoobli brand; and products for filtering and purifying air in vehicles under the Zendora brand.