Moolec Science SA (NASDAQ:MLEC) Short Interest Update

Moolec Science SA (NASDAQ:MLEC) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,933 shares, a decline of 35.0% from the July 30th total of 4,512 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,784 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

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

Institutional Trading of Moolec Science

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC acquired a new stake in shares of Moolec Science SA (NASDAQ:MLEC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.90% of Moolec Science as of its most recent SEC filing. Institutional investors and hedge funds own 0.07% of the company’s stock.

Moolec Science Trading Down 1.7%

MLEC stock traded down $0.12 during midday trading on Wednesday, reaching $6.78. 6,811 shares of the company traded hands, compared to its average volume of 599,849. Moolec Science has a 52-week low of $3.08 and a 52-week high of $23.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.15. The business has a 50 day moving average of $7.25 and a 200-day moving average of $8.27. The firm has a market capitalization of $4.95 million, a price-to-earnings ratio of -0.21 and a beta of 0.26.

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.