Short Interest in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Declines By 33.5%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,352 shares, a decline of 33.5% from the February 26th total of 6,547 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 9,359 shares, the days-to-cover ratio is currently 0.5 days.

Steakholder Foods Trading Down 2.1%

Shares of NASDAQ:STKH opened at $1.42 on Friday. The stock has a market capitalization of $1.96 million, a PE ratio of 0.00 and a beta of 1.45. Steakholder Foods has a 1 year low of $1.12 and a 1 year high of $45.70. The firm has a fifty day moving average price of $1.64 and a 200 day moving average price of $2.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Steakholder Foods presently has an average rating of “Sell”.

Hedge Funds Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP purchased a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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. Institutional investors and hedge funds own 4.51% of the company’s stock.

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.