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

Jeffs’ Brands Ltd (NASDAQ:JFBR) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 225,300 shares, an increase of 26.1% from the November 30th total of 178,600 shares. Currently, 46.0% of the company’s stock are sold short. Based on an average daily trading volume, of 800,300 shares, the short-interest ratio is currently 0.3 days.

Jeffs’ Brands Stock Performance

JFBR opened at $2.53 on Tuesday. Jeffs’ Brands has a fifty-two week low of $1.90 and a fifty-two week high of $68.77. The firm has a 50-day moving average of $3.16 and a 200 day moving average of $3.32.

Insider Activity at Jeffs’ Brands

In other news, major shareholder Jeffrey J. Conroy bought 38,550 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were purchased at an average price of $3.12 per share, with a total value of $120,276.00. Following the transaction, the insider now directly owns 153,935 shares in the company, valued at $480,277.20. This represents a 33.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.27% of the stock is owned by insiders.

Jeffs’ Brands 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.