Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Down 81.0% in August

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 66,914 shares, a decline of 81.0% from the July 30th total of 352,437 shares. Approximately 11.3% of the shares of the stock are sold short. Based on an average daily volume of 11,426,988 shares, the short-interest ratio is currently 0.0 days.

Steakholder Foods Stock Performance

Shares of STKH stock opened at $3.18 on Wednesday. Steakholder Foods has a fifty-two week low of $1.08 and a fifty-two week high of $20.91. The business has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $3.74.

Steakholder Foods (NASDAQ:STKH) last released its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Steakholder Foods in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Steakholder Foods presently has an average rating of “Sell”.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

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.