Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Stock Short Interest Falls 95.3%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 4,367 shares, a drop of 95.3% from the August 31st total of 92,634 shares. Based on an average trading volume of 56,234 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Steakholder Foods in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Steakholder Foods presently has an average rating of “Sell”.

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Institutional Trading of Steakholder Foods

An institutional investor recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC bought a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 3.89% of Steakholder Foods at the end of the most recent reporting period. 4.51% of the stock is owned by hedge funds and other institutional investors.

Steakholder Foods Stock Down 1.7%

NASDAQ STKH traded down $0.03 on Friday, hitting $1.72. 55,452 shares of the stock were exchanged, compared to its average volume of 91,970. Steakholder Foods has a 52-week low of $1.08 and a 52-week high of $20.91. The stock has a fifty day moving average price of $2.59 and a two-hundred day moving average price of $3.41.

Steakholder Foods (NASDAQ:STKH – Get Free Report) last announced its earnings results on Tuesday, August 25th. The company reported ($1.00) earnings per share for the quarter.

Steakholder Foods Company Profile

(Get Free Report)

Steakholder Foods Ltd. is an Israel-based food technology company focused on developing cultivated meat and seafood using three-dimensional bioprinting and related food-production technologies. The company’s platform is designed to arrange cultured animal cells and other ingredients into structured products intended to replicate the texture and appearance of conventional meat and fish.

The company develops specialized bioprinters, bioinks and digital manufacturing processes for producing cultivated food products.

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