SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Short Interest Down 39.2% in June

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,434 shares, a drop of 39.2% from the May 31st total of 5,644 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 28,038 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In other SaverOne 2014 news, Director Visionwave Holdings, Inc. purchased 5,529,600 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $4.00 per share, for a total transaction of $22,118,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SaverOne 2014 presently has a consensus rating of “Reduce”.

SaverOne 2014 Trading Down 11.2%

SVRE traded down $0.29 on Wednesday, hitting $2.35. 394,092 shares of the stock traded hands, compared to its average volume of 371,742. SaverOne 2014 has a 52 week low of $2.02 and a 52 week high of $40.68. The company has a current ratio of 2.34, a quick ratio of 1.88 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $4.36.

SaverOne 2014 (NASDAQ:SVRE) last posted its quarterly earnings results on Friday, March 27th. The company reported ($51.79) EPS for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $1.83 million.

About SaverOne 2014

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.