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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 10,408 shares, a decrease of 50.7% from the December 15th total of 21,104 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 21,885 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 21,885 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the company’s stock are sold short.

Steakholder Foods Trading Up 0.8%

Shares of STKH opened at $2.44 on Thursday. The firm has a market capitalization of $3.32 million, a price-to-earnings ratio of 0.00 and a beta of 1.41. The firm’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $5.32. Steakholder Foods has a twelve month low of $2.13 and a twelve month high of $70.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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. 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.