Jeffs’ Brands Ltd (NASDAQ:JFBR) Sees Significant Decrease in Short Interest

Jeffs’ Brands Ltd (NASDAQ:JFBR) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 95,700 shares, a drop of 9.5% from the August 15th total of 105,700 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP acquired a new position in Jeffs’ Brands Ltd (NASDAQ:JFBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

Jeffs’ Brands Price Performance

NASDAQ JFBR traded up $0.01 on Wednesday, reaching $0.24. The company had a trading volume of 374,548 shares, compared to its average volume of 1,372,945. The company’s fifty day moving average is $0.24 and its 200-day moving average is $0.35. Jeffs’ Brands has a 1-year low of $0.17 and a 1-year high of $5.29.

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-tip dart sets under the CC-Exquisite brand; car door pet scratches protectors under the PetEvo brand; bag sets, including adjustable stands and boxing gloves, and party supply kits for children under the Whoobli brand; and products for filtering and purifying air in vehicles under the Zendora brand.