Moolec Science SA (NASDAQ:MLEC) Short Interest Up 759.0% in April

Moolec Science SA (NASDAQ:MLEC) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 114,402 shares, a growth of 759.0% from the April 15th total of 13,318 shares. Based on an average daily volume of 325,650 shares, the short-interest ratio is presently 0.4 days. Currently, 19.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new position in Moolec Science stock. Citadel Advisors LLC purchased a new position in shares of Moolec Science SA (NASDAQ:MLEC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.90% of Moolec Science at the end of the most recent quarter. 0.07% of the stock is owned by hedge funds and other institutional investors.

Moolec Science Stock Performance

MLEC traded up $0.39 during trading on Tuesday, reaching $8.34. 14,541 shares of the stock were exchanged, compared to its average volume of 1,097,876. The stock’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $7.72. Moolec Science has a twelve month low of $3.08 and a twelve month high of $157.05. The stock has a market cap of $6.09 million, a P/E ratio of -0.25 and a beta of 0.38.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Moolec Science from a “hold” rating to a “sell” rating in a report on Sunday, April 26th.

Moolec Science Company Profile

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.