Moolec Science SA (NASDAQ:MLEC) Sees Significant Drop in Short Interest

Moolec Science SA (NASDAQ:MLEC) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 36,041 shares, a decline of 37.2% from the November 30th total of 57,349 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 154,088 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 154,088 shares, the short-interest ratio is presently 0.2 days. Approximately 1.1% of the shares of the company are short sold.

Moolec Science Trading Up 7.0%

NASDAQ MLEC opened at $0.24 on Friday. Moolec Science has a 12-month low of $0.21 and a 12-month high of $10.47. The company has a fifty day simple moving average of $0.50 and a two-hundred day simple moving average of $2.19. The stock has a market cap of $963,603.00, a P/E ratio of -0.11 and a beta of -0.51.

Hedge Funds Weigh In On Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC acquired a new position in Moolec Science SA (NASDAQ:MLEC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science at the end of the most recent reporting period. 0.07% of the stock is owned by hedge funds and other institutional investors.

About Moolec Science

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.