Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Large Increase in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 13,748 shares, a growth of 108.7% from the January 15th total of 6,587 shares. Based on an average daily trading volume, of 249,717 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the company’s stock are short sold. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 249,717 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 acquired a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the third quarter, according to the company in its most recent filing with the Securities & 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 1.03% of Steakholder Foods at the end of the most recent reporting period. Institutional investors own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Steakholder Foods Price Performance

Shares of STKH stock opened at $1.57 on Friday. The business has a fifty day moving average of $2.42 and a 200 day moving average of $3.83. Steakholder Foods has a 1 year low of $1.57 and a 1 year high of $67.20. The firm has a market capitalization of $2.14 million, a price-to-earnings ratio of 0.00 and a beta of 1.41.

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.