Moolec Science SA (NASDAQ:MLECW) Sees Significant Drop in Short Interest

Moolec Science SA (NASDAQ:MLECW) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 196 shares, a decline of 97.7% from the September 30th total of 8,479 shares. Based on an average daily volume of 22,100 shares, the short-interest ratio is presently 0.0 days.

Moolec Science Price Performance

Shares of MLECW stock remained flat at $0.01 during trading hours on Monday. The stock had a trading volume of 2,978 shares, compared to its average volume of 396,589. The stock has a 50-day simple moving average of $0.01 and a two-hundred day simple moving average of $0.02. Moolec Science has a 1-year low of $0.00 and a 1-year high of $0.16.

Moolec Science Company Profile

Moolec Science SA is an agricultural biotechnology company developing “molecular farming” technologies, which use genetically engineered plants to produce targeted proteins and other ingredients. The company focuses on applying biotechnology to improve the efficiency, functionality and sustainability of food and agricultural products.

Moolec’s development programs include plant-based protein platforms designed to produce animal proteins in crops such as soybeans. Its best-known program, Piggy Sooy, uses genetically modified soybeans to produce pork proteins within the soybean seed.