Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 6,178 shares, a drop of 42.5% from the April 30th total of 10,753 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 7,705 shares, the days-to-cover ratio is currently 0.8 days.
Steakholder Foods Stock Up 6.5%
Shares of Steakholder Foods stock traded up $0.08 on Tuesday, reaching $1.37. The company’s stock had a trading volume of 83,447 shares, compared to its average volume of 108,592. Steakholder Foods has a 52-week low of $1.12 and a 52-week high of $28.72. The stock has a 50-day moving average price of $1.62 and a 200-day moving average price of $1.98.
Steakholder Foods (NASDAQ:STKH – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($24.20) EPS for the quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Report on STKH
Institutional Trading of Steakholder Foods
An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP purchased a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 4.51% of the company’s stock.
Steakholder Foods Company Profile
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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