Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Down 33.5% in March

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,352 shares, a drop of 33.5% from the February 26th total of 6,547 shares. Based on an average daily trading volume, of 9,359 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Steakholder Foods Price Performance

Shares of Steakholder Foods stock opened at $1.42 on Friday. The company has a market cap of $1.96 million, a PE ratio of 0.00 and a beta of 1.45. The firm has a fifty day moving average price of $1.64 and a two-hundred day moving average price of $2.73. Steakholder Foods has a fifty-two week low of $1.12 and a fifty-two week high of $45.70.

Institutional Investors Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods as of its most recent SEC filing. Institutional investors own 4.51% of the company’s stock.

Steakholder Foods Company Profile

Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.