Moolec Science SA (NASDAQ:MLEC) Shares Shorted: Short Interest Up 475.8% in September

Moolec Science SA (NASDAQ:MLEC) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,919 shares, an increase of 475.8% from the August 31st total of 1,549 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 36,350 shares, the days-to-cover ratio is presently 0.2 days.

Moolec Science Price Performance

Moolec Science stock traded down $0.25 during trading hours on Friday, reaching $5.60. 18,304 shares of the stock were exchanged, compared to its average volume of 24,967. The company has a market cap of $4.09 million, a P/E ratio of -0.17 and a beta of 0.26. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. Moolec Science has a twelve month low of $3.08 and a twelve month high of $23.22. The stock has a 50 day moving average of $6.90 and a two-hundred day moving average of $7.60.

About Moolec Science

Moolec Science SA is an agricultural biotechnology company developing foods and ingredients through molecular farming, a technology that uses plants to produce targeted proteins and other biological compounds. The company’s approach is intended to support the development of more sustainable and scalable alternatives for the food and agriculture industries.

Moolec’s research focuses on producing animal proteins in crops, including soybeans and safflower. Its best-known program, “Piggy Sooy,” uses genetically engineered soybeans designed to produce porcine proteins within the seed, with the goal of creating plant-based ingredients that more closely replicate the taste, texture and nutritional characteristics of animal-derived products.