Short Interest in Moolec Science SA (NASDAQ:MLEC) Drops By 36.9%

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 23,800 shares, a drop of 36.9% from the January 15th total of 37,707 shares. Based on an average trading volume of 687,555 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.1% of the company’s stock are short sold. Currently, 4.1% of the company’s stock are short sold. Based on an average trading volume of 687,555 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC bought a new position in shares of Moolec Science SA (NASDAQ:MLEC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.90% of Moolec Science at the end of the most recent quarter. 0.07% of the stock is owned by institutional investors.

Moolec Science Stock Performance

Shares of MLEC stock traded up $3.68 during mid-day trading on Friday, hitting $8.78. 50,465,138 shares of the stock were exchanged, compared to its average volume of 386,781. Moolec Science has a 12-month low of $3.08 and a 12-month high of $157.05. The stock has a market capitalization of $6.41 million, a price-to-earnings ratio of -0.27 and a beta of -0.46. The stock’s fifty day simple moving average is $5.25 and its two-hundred day simple moving average is $13.60.

Moolec Science Company Profile

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.