Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Large Drop in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 6,178 shares, a decrease of 42.5% from the April 30th total of 10,753 shares. Based on an average trading volume of 7,705 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of Steakholder Foods

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Steakholder Foods has an average rating of “Sell”.

Steakholder Foods Price Performance

Shares of STKH stock traded down $0.03 on Thursday, hitting $1.29. The stock had a trading volume of 4,814 shares, compared to its average volume of 56,770. Steakholder Foods has a 52-week low of $1.12 and a 52-week high of $28.72. The stock’s 50 day moving average is $1.62 and its 200-day moving average is $1.96.

Steakholder Foods (NASDAQ:STKH) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($24.20) EPS for the quarter.

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.