Jeffs’ Brands Ltd (NASDAQ:JFBR) Short Interest Down 98.3% in November

Jeffs’ Brands Ltd (NASDAQ:JFBR) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 26,500 shares, a decline of 98.3% from the October 31st total of 1,590,000 shares. Based on an average daily trading volume, of 211,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the company’s shares are short sold.

Insider Activity at Jeffs’ Brands

In other Jeffs’ Brands news, major shareholder Jeffrey J. Conroy acquired 84,760 shares of the stock in a transaction dated Monday, September 23rd. The stock was purchased at an average cost of $4.68 per share, with a total value of $396,676.80. Following the transaction, the insider now owns 187,076 shares in the company, valued at approximately $875,515.68. The trade was a 82.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 155,203 shares of company stock worth $634,413 over the last quarter. Company insiders own 51.27% of the company’s stock.

Jeffs’ Brands Trading Down 16.4 %

NASDAQ JFBR traded down $0.49 during trading hours on Thursday, hitting $2.49. 2,510,863 shares of the company’s stock were exchanged, compared to its average volume of 152,310. The stock has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $3.68. Jeffs’ Brands has a 1-year low of $2.21 and a 1-year high of $68.77.

Jeffs’ Brands Company Profile

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.