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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 66,914 shares, a decrease of 81.0% from the July 30th total of 352,437 shares. Approximately 11.3% of the shares of the company are sold short. Based on an average trading volume of 11,426,988 shares, the days-to-cover ratio is presently 0.0 days.

Steakholder Foods Stock Down 8.6%

STKH opened at $3.18 on Wednesday. Steakholder Foods has a 52 week low of $1.08 and a 52 week high of $20.91. The business has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $3.74.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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. Institutional investors and hedge funds own 4.51% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Steakholder Foods in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Steakholder Foods presently has an average rating of “Sell”.

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.