A2Z Smart Technologies Corp. (NASDAQ:AZ – Get Free Report) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 118,800 shares, a decline of 36.2% from the January 31st total of 186,100 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 108,300 shares, the short-interest ratio is presently 1.1 days.
A2Z Smart Technologies Stock Performance
AZ stock traded down $0.02 during trading on Tuesday, reaching $6.97. The company had a trading volume of 67,748 shares, compared to its average volume of 79,369. The company has a market cap of $191.26 million, a price-to-earnings ratio of -13.91 and a beta of 1.38. A2Z Smart Technologies has a twelve month low of $0.85 and a twelve month high of $8.28. The firm has a 50-day simple moving average of $6.90 and a 200-day simple moving average of $5.09.
Hedge Funds Weigh In On A2Z Smart Technologies
Several hedge funds have recently made changes to their positions in AZ. Renaissance Technologies LLC acquired a new position in shares of A2Z Smart Technologies in the 4th quarter valued at $287,000. IHT Wealth Management LLC acquired a new stake in A2Z Smart Technologies during the 4th quarter worth $1,156,000. Garnet Equity Capital Holdings Inc. purchased a new stake in A2Z Smart Technologies during the 4th quarter valued at about $1,986,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in A2Z Smart Technologies during the fourth quarter worth approximately $3,619,000. 12.64% of the stock is owned by institutional investors and hedge funds.
About A2Z Smart Technologies
A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.
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