Short Interest in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Rises By 384.6%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 352,437 shares, an increase of 384.6% from the July 15th total of 72,731 shares. Approximately 59.7% of the company’s shares are sold short. Based on an average trading volume of 5,541,020 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Steakholder Foods Trading Up 50.2%

Shares of NASDAQ:STKH traded up $1.45 during trading on Friday, reaching $4.33. The stock had a trading volume of 25,105,603 shares, compared to its average volume of 1,177,434. Steakholder Foods has a 52 week low of $1.08 and a 52 week high of $21.12. The firm’s fifty day moving average is $2.34 and its 200 day moving average is $3.93.

Hedge Funds Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 3.89% of Steakholder Foods at the end of the most recent quarter. 4.51% of the stock is currently owned by institutional investors and hedge funds.

Steakholder Foods Company Profile

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.