Short Interest in Nexera Technologies Ltd. (NASDAQ:NEXR) Declines By 79.8%

Nexera Technologies Ltd. (NASDAQ:NEXR) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 29,216 shares, a drop of 79.8% from the June 30th total of 144,870 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 361,670 shares, the days-to-cover ratio is currently 0.1 days.

Nexera Technologies Trading Down 7.4%

Nexera Technologies stock opened at $0.33 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 0.70. The business’s fifty day moving average is $0.81 and its two-hundred day moving average is $3.56. Nexera Technologies has a 52 week low of $0.32 and a 52 week high of $108.50.

Analyst Ratings Changes

A number of research firms have commented on NEXR. Weiss Ratings upgraded shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Nexera Technologies to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Nexera Technologies

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. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.