Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Stock Short Interest Rises 580.0%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 33,907 shares, a growth of 580.0% from the September 30th total of 4,986 shares. Based on an average daily volume of 1,911,113 shares, the short-interest ratio is presently 0.0 days. Currently, 5.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen upgraded Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings lowered Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Steakholder Foods Stock Performance

NASDAQ STKH traded down $0.02 during mid-day trading on Tuesday, hitting $0.38. The company’s stock had a trading volume of 144,133 shares, compared to its average volume of 1,191,042. The company’s 50 day simple moving average is $1.83 and its 200 day simple moving average is $3.60. Steakholder Foods has a twelve month low of $0.30 and a twelve month high of $12.27.

Steakholder Foods’s stock is going to reverse split on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Steakholder Foods (NASDAQ:STKH) last released its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share for the quarter.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food technology company developing technologies for the production of cultivated meat and seafood. The company focuses on combining cellular biology with advanced three-dimensional bioprinting to create structured food products designed to resemble conventional meat and fish.

Its technology platform includes 3D printers, bio-inks and related production systems intended to deposit cultivated animal cells and other ingredients in precise configurations.