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

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,549 shares, a decline of 47.2% from the August 15th total of 2,933 shares. Based on an average daily volume of 16,208 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Moolec Science Trading Down 6.6%

MLEC stock traded down $0.47 during midday trading on Tuesday, hitting $6.63. 34,455 shares of the company traded hands, compared to its average volume of 20,628. Moolec Science has a twelve month low of $3.08 and a twelve month high of $23.22. The business has a 50 day simple moving average of $7.12 and a 200-day simple moving average of $7.93. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79.

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.