Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Significant Growth in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 29,188 shares, a growth of 481.8% from the May 31st total of 5,017 shares. Based on an average daily volume of 62,527 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Steakholder Foods

An institutional investor 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) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing. Institutional investors and hedge funds own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Steakholder Foods Price Performance

STKH stock opened at $0.64 on Friday. Steakholder Foods has a 1 year low of $0.63 and a 1 year high of $28.72. The firm has a 50-day moving average of $1.43 and a 200 day moving average of $1.76.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($24.20) earnings per share for the quarter.

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.