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

Jeffs’ Brands Ltd (NASDAQ:JFBR) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 225,300 shares, a growth of 26.1% from the November 30th total of 178,600 shares. Based on an average daily volume of 800,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 46.0% of the company’s shares are sold short.

Insider Activity

In other news, major shareholder Jeffrey J. Conroy purchased 38,550 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of $3.12 per share, for a total transaction of $120,276.00. Following the completion of the acquisition, the insider now owns 153,935 shares of the company’s stock, valued at approximately $480,277.20. This trade represents a 33.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 51.27% of the company’s stock.

Jeffs’ Brands Stock Down 1.6 %

Shares of NASDAQ JFBR opened at $2.53 on Tuesday. Jeffs’ Brands has a twelve month low of $1.90 and a twelve month high of $68.77. The business has a fifty day simple moving average of $3.16 and a two-hundred day simple moving average of $3.32.

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.