Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Update
by Jessica Moore · The Cerbat GemSteakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) saw a significant increase in short interest in 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 company’s stock are sold short. Based on an average trading volume of 62,527 shares, the short-interest ratio is currently 0.5 days.
Analyst Ratings Changes
Separately, Weiss Ratings raised Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
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Steakholder Foods Trading Down 3.3%
STKH stock traded down $0.02 during trading on Friday, reaching $0.62. The stock had a trading volume of 48,075 shares, compared to its average volume of 155,078. Steakholder Foods has a one year low of $0.60 and a one year high of $28.72. The company’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.75.
Steakholder Foods (NASDAQ:STKH – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($24.20) earnings per share for the quarter.
Hedge Funds Weigh In On Steakholder Foods
An institutional investor 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 – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.51% of the stock is currently owned by institutional investors and hedge funds.
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.