Short Interest in SaverOne 2014 Ltd. (NASDAQ:SVRE) Declines By 46.8%

Posted by Lisa Durand on Oct 26th, 2024

SaverOne 2014 Ltd. (NASDAQ:SVRE – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 612,100 shares, a drop of 46.8% from the September 30th total of 1,150,000 shares. Based on an average daily volume of 3,130,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On SaverOne 2014

A hedge fund recently raised its stake in SaverOne 2014 stock. Kathmere Capital Management LLC grew its stake in SaverOne 2014 Ltd. (NASDAQ:SVRE – Free Report) by 10.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,466,081 shares of the company’s stock after purchasing an additional 891,062 shares during the period. Kathmere Capital Management LLC owned approximately 591.63% of SaverOne 2014 worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.92% of the stock is currently owned by institutional investors and hedge funds.

SaverOne 2014 Trading Down 7.3 %

Shares of NASDAQ SVRE traded down $0.01 during trading on Friday, reaching $0.08. 4,142,472 shares of the company traded hands, compared to its average volume of 1,117,935. The firm’s fifty day simple moving average is $0.17 and its 200 day simple moving average is $0.38. SaverOne 2014 has a 12-month low of $0.08 and a 12-month high of $1.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.28 and a current ratio of 1.81.

SaverOne 2014 Company Profile

(Get Free Report)

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users.