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

Jeffs’ Brands Ltd (NASDAQ:JFBR)’s stock is set to reverse split on the morning of 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 closing bell on Tuesday, November 19th.

Jeffs’ Brands Stock Down 15.9 %

JFBR stock opened at $0.24 on Friday. The business has a 50-day moving average of $0.27 and a 200-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 Transactions at Jeffs’ Brands

In other Jeffs’ Brands news, major shareholder Jeffrey J. Conroy acquired 115,110 shares of Jeffs’ Brands stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $0.29 per share, for a total transaction of $33,381.90. Following the purchase, the insider now directly owns 1,330,110 shares in the company, valued at approximately $385,731.90. This represents a 9.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders acquired 2,017,674 shares of company stock valued at $634,423 in the last ninety days. 51.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP acquired a new position in shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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. Institutional investors and hedge funds own 38.85% of the company’s stock.

Jeffs’ Brands Company Profile

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.