Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Stock Short Interest Drops 95.3%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,367 shares, a decline of 95.3% from the August 31st total of 92,634 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 56,234 shares, the short-interest ratio is currently 0.1 days.

Steakholder Foods Price Performance

NASDAQ:STKH opened at $1.75 on Friday. Steakholder Foods has a twelve month low of $1.08 and a twelve month high of $20.91. The company’s 50-day moving average price is $2.59 and its 200-day moving average price is $3.42.

Steakholder Foods (NASDAQ:STKH) last announced its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 3.89% of Steakholder Foods as of its most recent filing with the Securities and Exchange Commission (SEC). 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Steakholder Foods in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Steakholder Foods currently has an average rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food technology company focused on developing cultivated meat and seafood using three-dimensional bioprinting and related food-production technologies. The company’s platform is designed to arrange cultured animal cells and other ingredients into structured products intended to replicate the texture and appearance of conventional meat and fish.

The company develops specialized bioprinters, bioinks and digital manufacturing processes for producing cultivated food products.