Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Shares Shorted: Short Interest Down 95.3% in September

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 4,367 shares, a decline of 95.3% from the August 31st total of 92,634 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 56,234 shares, the days-to-cover ratio is currently 0.1 days.

Steakholder Foods Stock Performance

Shares of Steakholder Foods stock traded down $0.08 on Thursday, hitting $1.75. The company had a trading volume of 41,880 shares, compared to its average volume of 107,190. Steakholder Foods has a 1 year low of $1.08 and a 1 year high of $20.91. The stock has a 50 day moving average of $2.58 and a 200-day moving average of $3.43.

Steakholder Foods (NASDAQ:STKH) last announced its earnings results on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Steakholder Foods in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC bought a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 3.89% of Steakholder Foods at the end of the most recent reporting period. Institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

Steakholder Foods Ltd. is an Israel-based food technology company focused on developing cultivated meat and seafood using three-dimensional bioprinting and related food-production technologies. The company’s platform is designed to arrange cultured animal cells and other ingredients into structured products intended to replicate the texture and appearance of conventional meat and fish.

The company develops specialized bioprinters, bioinks and digital manufacturing processes for producing cultivated food products.