Moolec Science SA (NASDAQ:MLEC) Shares Shorted: Short Interest Down 68.4% in September

Moolec Science SA (NASDAQ:MLEC) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,821 shares, a drop of 68.4% from the September 15th total of 8,919 shares. Based on an average trading volume of 14,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Moolec Science Trading Down 18.2%

Shares of NASDAQ:MLEC traded down $0.40 during midday trading on Monday, hitting $1.80. The stock had a trading volume of 160,297 shares, compared to its average volume of 521,363. The company has a market capitalization of $1.31 million, a PE ratio of -0.05 and a beta of 0.33. The stock has a 50 day moving average price of $6.36 and a two-hundred day moving average price of $7.23. Moolec Science has a 1 year low of $1.69 and a 1 year high of $23.22.

Moolec Science Company Profile

Moolec Science Ltd. is a food-technology and biotechnology company developing alternative sources of animal proteins through molecular farming. The company uses genetically engineered plants, including soybeans and safflower, as biological production platforms designed to produce specific proteins that can be used in food and other applications.

Its research and development programs have included “Piggy Sooy,” a soybean engineered to produce pork protein, as well as safflower-based production of animal proteins such as chymosin, an enzyme used in cheese manufacturing.