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

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 20,300 shares, a decrease of 33.2% from the May 31st total of 30,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 109,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in A2Z Smart Technologies stock. Red Door Wealth Management LLC increased its position in shares of A2Z Smart Technologies Corp. (NASDAQ:AZ) by 100.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Red Door Wealth Management LLC owned approximately 0.07% of A2Z Smart Technologies worth $41,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Smart Technologies Price Performance

Shares of NASDAQ:AZ traded up $0.02 on Friday, reaching $0.40. The company’s stock had a trading volume of 49,907 shares, compared to its average volume of 67,110. The stock’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.79. A2Z Smart Technologies has a 52-week low of $0.34 and a 52-week high of $2.58. The stock has a market capitalization of $16.39 million, a P/E ratio of -1.21 and a beta of 1.57.

A2Z Smart Technologies (NASDAQ:AZ) last announced its earnings results on Tuesday, April 2nd. The company reported ($0.06) EPS for the quarter. A2Z Smart Technologies had a negative net margin of 152.23% and a negative return on equity of 6,821.36%. The business had revenue of $1.35 million during the quarter.

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.