Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Up 481.8% in June

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 29,188 shares, an increase of 481.8% from the May 31st total of 5,017 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 62,527 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Steakholder Foods presently has a consensus rating of “Sell”.

Steakholder Foods Trading Down 3.3%

Shares of NASDAQ:STKH opened at $0.62 on Friday. Steakholder Foods has a 1 year low of $0.60 and a 1 year high of $28.72. The business’s 50 day moving average price is $1.40 and its 200-day moving average price is $1.75.

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

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods at the end of the most recent quarter. Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

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.