Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 33,907 shares, a growth of 580.0% from the September 30th total of 4,986 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average trading volume of 1,911,113 shares, the short-interest ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on STKH. Weiss Ratings lowered shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
Get Our Latest Report on Steakholder Foods
Steakholder Foods Trading Down 8.0%
NASDAQ:STKH traded down $0.03 on Wednesday, hitting $0.38. The stock had a trading volume of 86,521 shares, compared to its average volume of 1,186,334. Steakholder Foods has a 52-week low of $0.30 and a 52-week high of $12.27. The business’s 50-day simple moving average is $1.75 and its two-hundred day simple moving average is $3.57.
Steakholder Foods shares are set to reverse split on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.
Steakholder Foods (NASDAQ:STKH – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.
Steakholder Foods Company Profile
Steakholder Foods Ltd. is an Israel-based food technology company developing technologies for the production of cultivated meat and seafood. The company focuses on combining cellular biology with advanced three-dimensional bioprinting to create structured food products designed to resemble conventional meat and fish.
Its technology platform includes 3D printers, bio-inks and related production systems intended to deposit cultivated animal cells and other ingredients in precise configurations.
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