Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Update

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 352,437 shares, a growth of 384.6% from the July 15th total of 72,731 shares. Currently, 59.7% of the shares of the stock are sold short. Based on an average daily volume of 5,541,020 shares, the days-to-cover ratio is currently 0.1 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 note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Steakholder Foods presently has an average rating of “Sell”.

Steakholder Foods Stock Performance

Shares of NASDAQ:STKH traded down $0.51 during midday trading on Wednesday, reaching $3.48. The company’s stock had a trading volume of 181,704 shares, compared to its average volume of 1,029,840. The business’s fifty day simple moving average is $2.37 and its 200-day simple moving average is $3.99. Steakholder Foods has a fifty-two week low of $1.08 and a fifty-two week high of $22.39.

Institutional Trading of Steakholder Foods

An institutional investor recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 3.89% of Steakholder Foods at the end of the most recent reporting period. Institutional investors 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.