Moolec Science SA (NASDAQ:MLEC) Short Interest Update

Moolec Science SA (NASDAQ:MLEC) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 9,414 shares, a decrease of 48.9% from the June 30th total of 18,435 shares. Based on an average trading volume of 4,381 shares, the short-interest ratio is currently 2.1 days. Approximately 1.6% of the shares of the stock are sold short.

Moolec Science Price Performance

Shares of Moolec Science stock traded down $0.07 during trading on Thursday, hitting $7.18. 130 shares of the company were exchanged, compared to its average volume of 698,886. The firm has a 50 day moving average price of $7.49 and a 200 day moving average price of $8.03. The stock has a market capitalization of $5.25 million, a price-to-earnings ratio of -0.22 and a beta of 0.26. 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 fifty-two week low of $3.08 and a fifty-two week high of $53.40.

Moolec Science (NASDAQ:MLEC) last released its quarterly earnings results on Thursday, May 14th. The company reported $47.49 earnings per share (EPS) for the quarter. The firm had revenue of $2.62 million for the quarter.

Hedge Funds Weigh In On Moolec Science

A hedge fund recently bought a new position in Moolec Science stock. Citadel Advisors LLC bought a new stake in shares of Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science at the end of the most recent quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Moolec Science from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

About Moolec Science

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.