Short Interest in Moolec Science SA (NASDAQ:MLEC) Declines By 70.1%

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 17,317 shares, a decrease of 70.1% from the February 26th total of 57,914 shares. Based on an average daily trading volume, of 103,911 shares, the short-interest ratio is currently 0.2 days. Currently, 3.0% of the company’s stock are short sold. Currently, 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 103,911 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new position in Moolec Science stock. Citadel Advisors LLC bought a new position in shares of Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.90% of Moolec Science as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.07% of the company’s stock.

Moolec Science Stock Down 3.0%

Moolec Science stock traded down $0.20 during trading on Wednesday, reaching $6.57. The stock had a trading volume of 6,772 shares, compared to its average volume of 1,464,811. Moolec Science has a 52-week low of $3.08 and a 52-week high of $157.05. The stock has a market cap of $4.80 million, a PE ratio of -0.20 and a beta of -0.65. The business has a 50 day moving average price of $8.78 and a 200 day moving average price of $9.33.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Moolec Science to a “sell” rating in a report on Saturday, February 28th.

Moolec Science Company Profile

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.