Moolec Science SA (NASDAQ:MLEC) Short Interest Down 47.2% in August

Moolec Science SA (NASDAQ:MLEC) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,549 shares, a decrease of 47.2% from the August 15th total of 2,933 shares. Based on an average daily volume of 16,208 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are sold short.

Moolec Science Price Performance

Shares of Moolec Science stock traded down $0.47 during midday trading on Tuesday, reaching $6.63. 34,455 shares of the company’s stock traded hands, compared to its average volume of 20,628. The company has a quick ratio of 0.08, a current ratio of 0.15 and a debt-to-equity ratio of 0.79. Moolec Science has a 52 week low of $3.08 and a 52 week high of $23.22. The company’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $7.93.

Moolec Science Company Profile

Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.