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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 352,437 shares, an increase of 384.6% from the July 15th total of 72,731 shares. Based on an average trading volume of 5,541,020 shares, the days-to-cover ratio is currently 0.1 days. Approximately 59.7% of the company’s shares are short sold.

Steakholder Foods Trading Down 12.8%

Shares of STKH traded down $0.51 on Wednesday, reaching $3.48. 181,704 shares of the company’s stock were exchanged, compared to its average volume of 1,029,840. The business has a 50 day moving average price of $2.37 and a two-hundred day moving average price of $3.99. Steakholder Foods has a 12 month low of $1.08 and a 12 month high of $22.39.

Hedge Funds Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 3.89% of Steakholder Foods as of its most recent SEC filing. Institutional investors own 4.51% of the company’s stock.

Analysts Set New Price Targets

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

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.