Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 217,005 shares, a growth of 540.0% from the October 15th total of 33,907 shares. Approximately 33.4% of the company’s shares are short sold. Based on an average daily volume of 1,597,418 shares, the short-interest ratio is currently 0.1 days.
Analysts Set New Price Targets
Several analysts recently weighed in on STKH shares. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings cut Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Steakholder Foods currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on STKH
Steakholder Foods Price Performance
Shares of STKH opened at $2.49 on Wednesday. Steakholder Foods has a 1 year low of $1.51 and a 1 year high of $61.35. The company’s 50-day simple moving average is $5.82 and its 200-day simple moving average is $16.18.
Steakholder Foods (NASDAQ:STKH – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported ($5.00) EPS for the quarter.
About Steakholder Foods
Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting. Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.
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