Safe-T Group Ltd (NASDAQ:SFET – Get Rating) saw significant growth in short-term interest in March. As of March 15, there was short interest totaling 725,300 shares, up 78.6% from the February 28 total of 406,100 shares. Based on an average daily trading volume of 745,600 shares, the short-term interest rate ratio is currently 1.0 day.
Separately, Dawson James assumed cover for the Safe-T group in a research note on Monday, January 31. They issued a “buy” rating and a target price of $6.00 on the stock.
An institutional investor recently increased his position in shares of Safe-T Group. Renaissance Technologies LLC increased its holdings of Safe-T Group Ltd (NASDAQ: SFET – Get Rating) stock by 36.4% in Q4, according to its latest SEC filing. The fund held 173,181 shares of the company after purchasing an additional 46,181 shares during the period. Renaissance Technologies LLC owned approximately 0.57% of Safe-T Group worth $123,000 when it last filed with the SEC. 5.85% of the shares are currently held by institutional investors and hedge funds.
Shares of NASDAQ SFET traded at $0.02 during Monday trading hours, hitting $1.01. The company’s stock had a trading volume of 10,903 shares, compared to an average trading volume of 798,923. Safe-T Group has a 12-month low of $0.48 and a 12-month high of $1.80. The company has a 50-day simple moving average of $0.81 and a 200-day simple moving average of $0.93.
Safe-T Group Company Profile (Get a rating)
Safe-T Group Ltd. provides intelligent data collection and cybersecurity solutions in Israel, the United States and around the world. Its cybersecurity solutions include ZoneZero SDP, a solution based on software-defined perimeter and zero-trust network access concepts that grant access to applications only when needed; ZoneZero VPN, a solution built on Zero Trust network access concepts to add Zero Trust capabilities to existing VPN solutions; ZoneZero MFA, a solution designed to add centralized multi-factor authentication capabilities for various types of internal applications; and Secure File Access that reduces insider threats by turning standard network drives into secure, encrypted, access-controlled drives, while eliminating the need to rely on insecure file permissions and a server message broker vulnerable.
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