Short Interest in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Drops By 51.2%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 10,753 shares, a drop of 51.2% from the April 15th total of 22,022 shares. Based on an average daily volume of 10,885 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are short sold.

Steakholder Foods Trading Up 1.3%

NASDAQ:STKH traded up $0.02 during midday trading on Friday, reaching $1.54. 4,241 shares of the stock traded hands, compared to its average volume of 9,816. Steakholder Foods has a 12-month low of $1.12 and a 12-month high of $28.72. The business has a 50-day moving average of $1.58 and a two-hundred day moving average of $2.10.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($24.20) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned about 1.03% 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.

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.