Jeffs’ Brands Stock Set to Reverse Split on Wednesday, November 20th (NASDAQ:JFBR)

Jeffs’ Brands Ltd (NASDAQ:JFBR)’s stock is going to reverse split on Wednesday, November 20th. The 1-13 reverse split was announced on Friday, November 15th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, November 19th.

Jeffs’ Brands Stock Down 15.9 %

JFBR opened at $0.24 on Friday. The company has a fifty day moving average of $0.27 and a two-hundred day moving average of $0.28. Jeffs’ Brands has a fifty-two week low of $0.17 and a fifty-two week high of $5.29.

Insider Activity

In related news, major shareholder Jeffrey J. Conroy purchased 1,101,890 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $0.36 per share, with a total value of $396,680.40. Following the purchase, the insider now owns 2,432,000 shares of the company’s stock, valued at $875,520. The trade was a 82.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 2,017,674 shares of company stock worth $634,423 in the last ninety days. Company insiders own 51.27% of the company’s stock.

Hedge Funds Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP bought a new position in shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned approximately 10.20% of Jeffs’ Brands as of its most recent SEC filing. 38.85% of the stock is owned by hedge funds and other institutional investors.

About Jeffs’ Brands

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.