Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Up 35.9% in April

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 22,022 shares, a growth of 35.9% from the March 31st total of 16,208 shares. Based on an average daily volume of 8,852 shares, the short-interest ratio is currently 2.5 days. Currently, 1.6% of the shares of the company are sold short.

Steakholder Foods Trading Down 8.0%

Shares of NASDAQ:STKH traded down $0.15 during midday trading on Thursday, hitting $1.70. The company had a trading volume of 6,838 shares, compared to its average volume of 44,382. Steakholder Foods has a 12-month low of $1.12 and a 12-month high of $30.08. The company has a fifty day moving average of $1.52 and a two-hundred day moving average of $2.26.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 3.89% of Steakholder Foods at the end of the most recent reporting period. 4.51% of the stock is owned by hedge funds and other institutional investors.

About Steakholder Foods

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.