Short Interest in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Drops By 51.2%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 10,753 shares, a decrease of 51.2% from the April 15th total of 22,022 shares. Based on an average trading volume of 10,885 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Steakholder Foods in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Steakholder Foods has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods at the end of the most recent quarter. 4.51% of the stock is currently owned by institutional investors and hedge funds.

Steakholder Foods Trading Up 1.3%

NASDAQ:STKH traded up $0.02 during midday trading on Friday, reaching $1.54. The company had a trading volume of 4,241 shares, compared to its average volume of 9,816. The stock’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $2.10. Steakholder Foods has a 12-month low of $1.12 and a 12-month high of $28.72.

Steakholder Foods (NASDAQ:STKH – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($24.20) earnings per share for the quarter.

Steakholder Foods Company Profile

(Get Free Report)

Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.

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