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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 10,408 shares, a drop of 50.7% from the December 15th total of 21,104 shares. Based on an average daily volume of 21,885 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 21,885 shares, the days-to-cover ratio is currently 0.5 days.

Steakholder Foods Stock Performance

STKH stock traded up $0.13 during mid-day trading on Friday, hitting $2.44. The company had a trading volume of 1,020,024 shares, compared to its average volume of 101,822. The stock’s fifty day moving average price is $2.65 and its two-hundred day moving average price is $5.30. Steakholder Foods has a 12 month low of $2.00 and a 12 month high of $70.80. The firm has a market cap of $3.31 million, a PE ratio of 0.00 and a beta of 1.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods as of its most recent SEC filing. Institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

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.