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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 5,955 shares, a drop of 56.7% from the January 29th total of 13,748 shares. Based on an average trading volume of 19,434 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 19,434 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent SEC filing. 4.51% of the stock is currently owned by institutional investors and hedge funds.

Steakholder Foods Trading Up 1.0%

NASDAQ STKH opened at $1.42 on Friday. The firm’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $3.41. The firm has a market capitalization of $1.94 million, a price-to-earnings ratio of 0.00 and a beta of 1.41. Steakholder Foods has a 1 year low of $1.21 and a 1 year high of $62.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average 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.