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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 72,731 shares, a growth of 104.5% from the June 30th total of 35,568 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 43,272 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

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

Institutional Investors 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 shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent filing with the SEC. 4.51% of the stock is owned by hedge funds and other institutional investors.

Steakholder Foods Stock Up 44.4%

Shares of STKH stock traded up $1.20 during midday trading on Thursday, reaching $3.91. 15,701,579 shares of the company were exchanged, compared to its average volume of 440,529. Steakholder Foods has a 12 month low of $1.08 and a 12 month high of $23.26. The company’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $4.25.

Steakholder Foods (NASDAQ:STKH) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($72.60) earnings per share for the quarter.

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.