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

Steakholder Foods Ltd. (NASDAQ:STKH) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 110.1% from the February 29th total of 11,900 shares. Based on an average trading volume of 126,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Steakholder Foods

Hedge funds have recently modified their holdings of the stock. Armistice Capital LLC purchased a new stake in shares of Steakholder Foods in the first quarter worth approximately $274,000. Renaissance Technologies LLC acquired a new position in shares of Steakholder Foods during the 4th quarter worth about $147,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Steakholder Foods in the third quarter worth $122,000. Citadel Advisors LLC lifted its stake in shares of Steakholder Foods by 94.8% in the fourth quarter. Citadel Advisors LLC now owns 96,973 shares of the company’s stock valued at $56,000 after buying an additional 47,185 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Steakholder Foods in the fourth quarter valued at $26,000. 4.51% of the stock is owned by hedge funds and other institutional investors.

Steakholder Foods Price Performance

Shares of STKH stock traded down $0.01 during trading hours on Thursday, reaching $0.57. The stock had a trading volume of 96,619 shares, compared to its average volume of 119,868. The firm has a 50-day simple moving average of $0.61 and a 200-day simple moving average of $0.66. Steakholder Foods has a twelve month low of $0.42 and a twelve month high of $1.76. The firm has a market capitalization of $7.01 million, a PE ratio of -0.30 and a beta of 1.69.

Steakholder Foods shares are set to reverse split on the morning of Thursday, April 4th. The 1-10 reverse split was announced on Thursday, April 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 4th.

About Steakholder Foods

Steakholder Foods Ltd., a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter in Israel. The company develops a three-dimensional bioprinter to deposit layers of stem cells and differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat.