A2Z Smart Technologies Corp. (NASDAQ:AZ) Sees Large Decrease in Short Interest

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 163,200 shares, a decline of 14.9% from the February 28th total of 191,800 shares. Based on an average daily volume of 116,600 shares, the short-interest ratio is currently 1.4 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised their price objective on shares of A2Z Smart Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 26th.

Institutional Trading of A2Z Smart Technologies

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

A2Z Smart Technologies Trading Down 2.1 %

Shares of NASDAQ AZ opened at $6.91 on Wednesday. The firm has a market cap of $189.64 million, a price-to-earnings ratio of -13.82 and a beta of 1.38. The stock has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $5.88. A2Z Smart Technologies has a 1-year low of $0.85 and a 1-year high of $8.28.

A2Z Smart Technologies (NASDAQ:AZ) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.26). The company had revenue of $2.00 million during the quarter, compared to analyst estimates of $2.00 million.

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.