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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,208 shares, an increase of 272.4% from the March 15th total of 4,352 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 14,114 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 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 as of its most recent filing with the Securities & Exchange Commission. 4.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Steakholder Foods Price Performance

Shares of STKH traded up $0.05 during trading hours on Friday, reaching $1.60. 4,494 shares of the company traded hands, compared to its average volume of 11,621. Steakholder Foods has a 12-month low of $1.12 and a 12-month high of $31.08. The business has a fifty day moving average price of $1.46 and a 200-day moving average price of $2.49.

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.