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

Jeffs’ Brands Ltd (NASDAQ:JFBR) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,590,000 shares, an increase of 1,566.7% from the October 15th total of 95,400 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 23.8% of the company’s shares are sold short.

Jeffs’ Brands Trading Down 1.8 %

Jeffs’ Brands stock opened at $0.31 on Thursday. Jeffs’ Brands has a fifty-two week low of $0.17 and a fifty-two week high of $5.29. The firm has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.28.

Insider Activity

In other news, major shareholder Jeffrey J. Conroy purchased 126,040 shares of Jeffs’ Brands stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $0.27 per share, with a total value of $34,030.80. Following the transaction, the insider now owns 1,634,000 shares in the company, valued at $441,180. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Jeffrey J. Conroy purchased 126,040 shares of Jeffs’ Brands stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $0.27 per share, with a total value of $34,030.80. Following the transaction, the insider now owns 1,634,000 shares in the company, valued at $441,180. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jeffrey J. Conroy purchased 95,474 shares of Jeffs’ Brands stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $0.32 per share, for a total transaction of $30,551.68. Following the transaction, the insider now owns 1,806,600 shares in the company, valued at approximately $578,112. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,017,674 shares of company stock valued at $634,423. 51.27% of the stock is currently owned by company insiders.

Institutional Trading of Jeffs’ Brands

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) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 38.85% of the company’s stock.

About Jeffs’ Brands

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.