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

Jeffs’ Brands Ltd (NASDAQ:JFBR) shares are set to reverse split before the market opens 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 Trading Down 15.9 %

Shares of NASDAQ:JFBR opened at $0.24 on Friday. The firm’s 50 day simple moving average is $0.27 and its 200 day simple moving average is $0.28. Jeffs’ Brands has a fifty-two week low of $0.17 and a fifty-two week high of $5.29.

Insiders Place Their Bets

In related news, major shareholder Jeffrey J. Conroy bought 95,474 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $0.32 per share, for a total transaction of $30,551.68. Following the acquisition, the insider now owns 1,806,600 shares of the company’s stock, valued at approximately $578,112. This represents a 5.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 2,017,674 shares of company stock worth $634,423. Company insiders own 51.27% of the company’s stock.

Institutional Trading of Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP bought a new stake in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.