Short Interest in Moolec Science SA (NASDAQ:MLEC) Expands By 128.4%

by · The Cerbat Gem

Moolec Science SA (NASDAQ:MLEC – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 20,742 shares, an increase of 128.4% from the May 31st total of 9,082 shares. Based on an average daily volume of 37,357 shares, the days-to-cover ratio is presently 0.6 days. Approximately 3.6% of the shares of the stock are short sold.

Moolec Science Trading Down 9.1%

NASDAQ MLEC traded down $0.74 on Tuesday, reaching $7.35. 9,455 shares of the company were exchanged, compared to its average volume of 810,440. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $7.91 and its 200 day moving average price is $7.59. The stock has a market capitalization of $5.37 million, a P/E ratio of -0.22 and a beta of 0.28. Moolec Science has a fifty-two week low of $3.08 and a fifty-two week high of $100.20.

Moolec Science (NASDAQ:MLEC – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $47.49 earnings per share (EPS) for the quarter. The company had revenue of $2.62 million during the quarter.

Hedge Funds Weigh In On Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC purchased a new position in shares of Moolec Science SA (NASDAQ:MLEC – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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. 0.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Moolec Science from a “sell” rating to a “hold” rating in a report on Saturday, May 16th.

Check Out Our Latest Report on Moolec Science

Moolec Science Company Profile

(Get Free Report)

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.

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