Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Stock Short Interest Report for October

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 33,907 shares, a growth of 580.0% from the September 30th total of 4,986 shares. Based on an average daily volume of 1,911,113 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on STKH shares. Weiss Ratings lowered Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. Wall Street Zen raised Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Steakholder Foods Stock Performance

STKH traded down $0.02 during trading on Tuesday, reaching $0.38. 144,133 shares of the stock traded hands, compared to its average volume of 1,191,042. The stock’s 50-day moving average is $1.83 and its 200 day moving average is $3.60. Steakholder Foods has a 12 month low of $0.30 and a 12 month high of $12.27.

Steakholder Foods’s stock is set to reverse split on the morning of Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share for the quarter.

About Steakholder Foods

Steakholder Foods Ltd. is an Israel-based food technology company developing technologies for the production of cultivated meat and seafood. The company focuses on combining cellular biology with advanced three-dimensional bioprinting to create structured food products designed to resemble conventional meat and fish.

Its technology platform includes 3D printers, bio-inks and related production systems intended to deposit cultivated animal cells and other ingredients in precise configurations.