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

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 74,900 shares, an increase of 18.1% from the August 15th total of 63,400 shares. Based on an average trading volume of 157,500 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

A2Z Smart Technologies Stock Down 8.9 %

NASDAQ:AZ traded down $0.17 on Monday, reaching $1.75. The stock had a trading volume of 23,446 shares, compared to its average volume of 116,923. The firm’s fifty day moving average is $2.10 and its two-hundred day moving average is $1.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.78. A2Z Smart Technologies has a 12-month low of $0.89 and a 12-month high of $3.08.

A2Z Smart Technologies (NASDAQ:AZ) last released its earnings results on Monday, August 14th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $2.86 million during the quarter. A2Z Smart Technologies had a negative return on equity of 750.22% and a negative net margin of 160.41%.

Institutional Investors Weigh In On A2Z Smart Technologies

Several hedge funds have recently modified their holdings of AZ. Raymond James & Associates purchased a new stake in A2Z Smart Technologies during the 1st quarter worth $65,000. Geode Capital Management LLC purchased a new stake in A2Z Smart Technologies during the 2nd quarter worth $41,000. Commonwealth Equity Services LLC acquired a new position in A2Z Smart Technologies in the 1st quarter worth $25,000. CIBC Private Wealth Group LLC purchased a new position in A2Z Smart Technologies in the 1st quarter valued at about $26,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of A2Z Smart Technologies during the first quarter valued at about $26,000. 9.31% of the stock is owned by institutional investors and hedge funds.

A2Z Smart Technologies Company Profile

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.