A2Z Smart Technologies Corp. (NASDAQ:AZ) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On A2Z Smart Technologies

A number of large investors have recently made changes to their positions in AZ. Renaissance Technologies LLC purchased a new stake in A2Z Smart Technologies in the fourth quarter worth $287,000. IHT Wealth Management LLC bought a new stake in shares of A2Z Smart Technologies during the 4th quarter valued at about $1,156,000. Garnet Equity Capital Holdings Inc. purchased a new position in shares of A2Z Smart Technologies during the fourth quarter valued at about $1,986,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in A2Z Smart Technologies in the fourth quarter worth about $3,619,000. 12.64% of the stock is currently owned by institutional investors.

A2Z Smart Technologies Stock Down 2.1 %

Shares of AZ opened at $6.91 on Wednesday. The stock has a market capitalization of $189.64 million, a P/E ratio of -13.82 and a beta of 1.38. A2Z Smart Technologies has a twelve month low of $0.85 and a twelve month high of $8.28. The firm has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $5.88.

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