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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 21,104 shares, a decline of 41.0% from the November 30th total of 35,779 shares. Based on an average daily volume of 204,274 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.6% of the shares of the company are sold short. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 204,274 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods at the end of the most recent quarter. Institutional investors own 4.51% of the company’s stock.

Steakholder Foods Price Performance

NASDAQ STKH opened at $2.51 on Monday. The business has a fifty day moving average price of $2.91 and a two-hundred day moving average price of $6.21. Steakholder Foods has a fifty-two week low of $2.13 and a fifty-two week high of $72.80. The stock has a market capitalization of $3.41 million, a PE ratio of 0.00 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STKH. Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Steakholder Foods from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.