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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 72,731 shares, an increase of 104.5% from the June 30th total of 35,568 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 43,272 shares, the days-to-cover ratio is currently 1.7 days.

Steakholder Foods Trading Up 4.4%

Shares of NASDAQ STKH opened at $2.83 on Friday. Steakholder Foods has a one year low of $1.08 and a one year high of $23.26. The firm’s 50 day simple moving average is $2.58 and its two-hundred day simple moving average is $4.22.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($72.60) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods at the end of the most recent quarter. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Wall Street Analyst Weigh In

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

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.