Moolec Science SA (NASDAQ:MLEC) Stock Short Interest Report for October

Moolec Science SA (NASDAQ:MLEC) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,571 shares, an increase of 97.5% from the September 30th total of 2,821 shares. Based on an average daily volume of 124,934 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.0% of the shares of the company are short sold.

Moolec Science Stock Up 3.2%

Shares of MLEC stock traded up $0.04 on Monday, hitting $1.45. The company had a trading volume of 13,597 shares, compared to its average volume of 490,035. The firm has a market cap of $1.05 million, a P/E ratio of -0.04 and a beta of 0.42. The company has a 50-day moving average price of $4.71 and a 200-day moving average price of $7.18. Moolec Science has a twelve month low of $1.34 and a twelve month high of $23.22.

About Moolec Science

Moolec Science SA is a food biotechnology company developing plant-based ingredients and foods through molecular farming. Its technology uses genetically engineered crops to produce specific animal proteins within plants, with the goal of creating more efficient, scalable and sustainable alternatives to conventional animal-derived ingredients.

The company’s research platform focuses on crops such as soybeans and yellow peas. Its Piggy Sooy soybean technology is designed to produce pork proteins in soybean seeds, while other programs target the production of animal proteins and functional ingredients in plants.