Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Down 81.0% in August

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKHGet Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 66,914 shares, a decline of 81.0% from the July 30th total of 352,437 shares. Based on an average trading volume of 11,426,988 shares, the days-to-cover ratio is currently 0.0 days. Currently, 11.3% of the company’s stock are short sold.

Steakholder Foods Trading Down 5.8%

Shares of NASDAQ STKH traded down $0.19 during mid-day trading on Thursday, reaching $3.08. The company had a trading volume of 178,025 shares, compared to its average volume of 7,777,102. Steakholder Foods has a twelve month low of $1.08 and a twelve month high of $20.91. The stock’s 50 day moving average is $2.43 and its 200-day moving average is $3.72.

Steakholder Foods (NASDAQ:STKHGet Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKHFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Steakholder Foods in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on STKH

About Steakholder Foods

(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.

Further Reading

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