Jeffs’ Brands (NASDAQ:JFBR) Shares Scheduled to Reverse Split on Wednesday, November 20th

Jeffs’ Brands Ltd (NASDAQ:JFBR) shares are set to reverse split on the morning of Wednesday, November 20th. The 1-13 reverse split was announced on Friday, November 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

Jeffs’ Brands Stock Performance

Jeffs’ Brands stock opened at $0.24 on Friday. The company has a 50-day simple moving average of $0.27 and a 200-day simple moving average of $0.28. Jeffs’ Brands has a one year low of $0.17 and a one year high of $5.29.

Insider Transactions at Jeffs’ Brands

In related news, major shareholder Jeffrey J. Conroy bought 501,160 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of $0.24 per share, for a total transaction of $120,278.40. Following the transaction, the insider now directly owns 2,001,160 shares of the company’s stock, valued at approximately $480,278.40. This represents a 33.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders bought 2,017,674 shares of company stock worth $634,423. Insiders own 51.27% of the company’s stock.

Hedge Funds Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP acquired a new stake in shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned approximately 10.20% of Jeffs’ Brands at the end of the most recent quarter. Hedge funds and other institutional investors 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.