Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Shares Shorted: Short Interest Down 95.3% in September

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,367 shares, a drop of 95.3% from the August 31st total of 92,634 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 56,234 shares, the days-to-cover ratio is currently 0.1 days.

Steakholder Foods Price Performance

Shares of STKH stock traded down $0.08 on Thursday, reaching $1.75. 41,880 shares of the company were exchanged, compared to its average volume of 107,190. The company has a 50-day moving average of $2.58 and a 200-day moving average of $3.43. Steakholder Foods has a one year low of $1.08 and a one year high of $20.91.

Steakholder Foods (NASDAQ:STKH) last issued its earnings results on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Steakholder Foods in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Steakholder Foods has a consensus rating of “Sell”.

Institutional Investors Weigh In On Steakholder Foods

An institutional investor recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent SEC filing. Institutional investors and hedge funds own 4.51% of the company’s stock.

About Steakholder Foods

Steakholder Foods Ltd. is an Israel-based food technology company focused on developing cultivated meat and seafood using three-dimensional bioprinting and related food-production technologies. The company’s platform is designed to arrange cultured animal cells and other ingredients into structured products intended to replicate the texture and appearance of conventional meat and fish.

The company develops specialized bioprinters, bioinks and digital manufacturing processes for producing cultivated food products.