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

Shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) are 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 Performance

Shares of JFBR opened at $0.24 on Monday. Jeffs’ Brands has a twelve month low of $0.17 and a twelve month high of $5.29. The firm’s 50-day moving average is $0.28 and its two-hundred day moving average is $0.28.

Insiders Place Their Bets

In related news, major shareholder Jeffrey J. Conroy acquired 501,160 shares of Jeffs’ Brands stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average cost of $0.24 per share, for a total transaction of $120,278.40. Following the completion of the transaction, the insider now directly owns 2,001,160 shares of the company’s stock, valued at $480,278.40. The trade was a 33.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 2,017,674 shares of company stock worth $634,423. Insiders own 51.27% of the company’s stock.

Hedge Funds Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP purchased a new stake in shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 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.