Moolec Science SA (NASDAQ:MLEC) Shares Shorted: Short Interest Down 68.4% in September

Moolec Science SA (NASDAQ:MLEC) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,821 shares, a drop of 68.4% from the September 15th total of 8,919 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Moolec Science Price Performance

Shares of NASDAQ:MLEC traded down $0.40 during trading on Monday, reaching $1.80. The company had a trading volume of 160,297 shares, compared to its average volume of 521,363. The firm has a market capitalization of $1.31 million, a price-to-earnings ratio of -0.05 and a beta of 0.33. The stock’s fifty day moving average price is $6.36 and its 200 day moving average price is $7.23. Moolec Science has a fifty-two week low of $1.69 and a fifty-two week high of $23.22.

About Moolec Science

Moolec Science Ltd. is a food-technology and biotechnology company developing alternative sources of animal proteins through molecular farming. The company uses genetically engineered plants, including soybeans and safflower, as biological production platforms designed to produce specific proteins that can be used in food and other applications.

Its research and development programs have included “Piggy Sooy,” a soybean engineered to produce pork protein, as well as safflower-based production of animal proteins such as chymosin, an enzyme used in cheese manufacturing.