A2Z Smart Technologies Corp. (NASDAQ:AZ) Short Interest Up 37.9% in January

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 186,100 shares, a growth of 37.9% from the January 15th total of 135,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 103,600 shares, the days-to-cover ratio is presently 1.8 days.

A2Z Smart Technologies Stock Performance

NASDAQ:AZ traded up $0.19 during trading hours on Friday, reaching $6.75. The stock had a trading volume of 127,245 shares, compared to its average volume of 106,226. The stock has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $4.63. A2Z Smart Technologies has a 12-month low of $0.85 and a 12-month high of $7.80. The stock has a market cap of $185.22 million, a P/E ratio of -13.50 and a beta of 1.38.

Hedge Funds Weigh In On A2Z Smart Technologies

Several hedge funds have recently made changes to their positions in AZ. Clal Insurance Enterprises Holdings Ltd purchased a new position in A2Z Smart Technologies during the fourth quarter worth about $3,619,000. Garnet Equity Capital Holdings Inc. bought a new stake in A2Z Smart Technologies during the fourth quarter worth about $1,986,000. IHT Wealth Management LLC bought a new stake in A2Z Smart Technologies during the fourth quarter worth about $1,156,000. Finally, Renaissance Technologies LLC bought a new stake in A2Z Smart Technologies during the fourth quarter worth about $287,000. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

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.