Moolec Science SA (NASDAQ:MLEC) Short Interest Update

Moolec Science SA (NASDAQ:MLEC) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 20,742 shares, a growth of 128.4% from the May 31st total of 9,082 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 37,357 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Moolec Science from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

Moolec Science Stock Up 6.4%

Shares of MLEC stock traded up $0.49 during trading hours on Monday, reaching $8.09. The company had a trading volume of 6,525 shares, compared to its average volume of 817,005. The company has a market cap of $5.91 million, a price-to-earnings ratio of -0.25 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.15 and a quick ratio of 0.08. Moolec Science has a 12 month low of $3.08 and a 12 month high of $102.00. The business has a fifty day simple moving average of $7.90 and a 200-day simple moving average of $7.58.

Moolec Science (NASDAQ:MLEC) last announced its quarterly earnings results on Thursday, May 14th. The company reported $47.49 earnings per share (EPS) for the quarter. The company had revenue of $2.62 million for the quarter.

Institutional Inflows and Outflows

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

Moolec Science Company Profile

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.