Short Interest in A2Z Smart Technologies Corp. (NASDAQ:AZ) Rises By 61.4%

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 191,800 shares, an increase of 61.4% from the February 13th total of 118,800 shares. Based on an average trading volume of 111,200 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.5% of the company’s stock are short sold.

A2Z Smart Technologies Stock Up 3.4 %

Shares of A2Z Smart Technologies stock opened at $6.75 on Friday. A2Z Smart Technologies has a 52 week low of $0.85 and a 52 week high of $8.28. The firm’s 50 day moving average is $6.88 and its two-hundred day moving average is $5.35. The firm has a market capitalization of $185.25 million, a P/E ratio of -13.50 and a beta of 1.38.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AZ. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of A2Z Smart Technologies during the 4th quarter worth approximately $3,619,000. Garnet Equity Capital Holdings Inc. purchased a new position in A2Z Smart Technologies in the fourth quarter worth $1,986,000. IHT Wealth Management LLC acquired a new stake in A2Z Smart Technologies in the fourth quarter valued at $1,156,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of A2Z Smart Technologies during the 4th quarter worth $287,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Smart Technologies Company Profile

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.