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

Moolec Science SA (NASDAQ:MLECGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,512 shares, a drop of 52.1% from the July 15th total of 9,414 shares. Based on an average daily volume of 18,186 shares, the short-interest ratio is presently 0.2 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Trading of Moolec Science

An institutional investor recently bought a new stake in Moolec Science stock. Citadel Advisors LLC purchased a new stake in shares of Moolec Science SA (NASDAQ:MLECFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 0.07% of the stock is owned by institutional investors and hedge funds.

Moolec Science Stock Performance

MLEC stock traded up $0.21 during trading on Friday, hitting $7.20. 783 shares of the company traded hands, compared to its average volume of 12,326. Moolec Science has a 1 year low of $3.08 and a 1 year high of $38.55. The company has a market cap of $5.23 million, a PE ratio of -0.22 and a beta of 0.26. The stock’s 50-day simple moving average is $7.39 and its 200 day simple moving average is $8.15. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.15 and a quick ratio of 0.08.

Moolec Science (NASDAQ:MLECGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $47.49 EPS for the quarter. The company had revenue of $2.62 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Moolec Science from a “sell” rating to a “hold” rating in a report on Saturday, May 16th.

Get Our Latest Stock Report on Moolec Science

Moolec Science Company Profile

(Get Free Report)

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.

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