Short Interest in Moolec Science SA (NASDAQ:MLEC) Decreases By 70.1%

Moolec Science SA (NASDAQ:MLEC) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 17,317 shares, a decline of 70.1% from the February 26th total of 57,914 shares. Based on an average daily volume of 103,911 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC purchased a new position in Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science at the end of the most recent quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Moolec Science to a “sell” rating in a report on Saturday, February 28th.

Moolec Science Price Performance

Shares of MLEC traded down $0.27 during trading hours on Friday, hitting $6.95. The stock had a trading volume of 6,576 shares, compared to its average volume of 68,208. Moolec Science has a 12 month low of $3.08 and a 12 month high of $157.05. The firm has a market capitalization of $5.07 million, a PE ratio of -0.21 and a beta of -0.65. The stock has a fifty day moving average price of $8.87 and a 200 day moving average price of $9.23.

About Moolec Science

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.