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

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 37,707 shares, a drop of 81.4% from the December 31st total of 203,239 shares. Currently, 6.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,115,020 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,115,020 shares, the short-interest ratio is currently 0.0 days. Currently, 6.5% of the shares of the company are short sold.

Institutional Trading of Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC purchased a new position in Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Moolec Science Price Performance

Moolec Science stock traded down $0.15 during mid-day trading on Thursday, reaching $6.47. 42,607 shares of the stock traded hands, compared to its average volume of 917,557. Moolec Science has a 12-month low of $3.08 and a 12-month high of $157.05. The business’s 50-day moving average is $5.45 and its 200-day moving average is $17.71. The stock has a market capitalization of $4.72 million, a PE ratio of -0.20 and a beta of -0.48.

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.