Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Up 272.4% in March

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,208 shares, an increase of 272.4% from the March 15th total of 4,352 shares. Based on an average trading volume of 14,114 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Steakholder Foods has an average rating of “Sell”.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned 1.03% of Steakholder Foods at the end of the most recent quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Steakholder Foods Stock Performance

Shares of STKH stock opened at $1.60 on Monday. Steakholder Foods has a twelve month low of $1.12 and a twelve month high of $31.08. The stock has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $2.47.

About Steakholder Foods

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.