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

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,460 shares, a drop of 85.8% from the March 15th total of 17,317 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 15,194 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Moolec Science to a “sell” rating in a research report on Saturday, February 28th.

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 shares of Moolec Science SA (NASDAQ:MLEC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.90% of Moolec Science at the end of the most recent quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Moolec Science Stock Performance

Shares of MLEC stock traded down $1.00 during midday trading on Friday, reaching $7.11. 31,599 shares of the company were exchanged, compared to its average volume of 562,624. Moolec Science has a 12 month low of $3.08 and a 12 month high of $157.05. The company has a market cap of $5.19 million, a P/E ratio of -0.22 and a beta of -0.36. The company’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $8.33.

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.