Moolec Science SA (NASDAQ:MLEC) Short Interest Update

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 7,508 shares, a drop of 93.4% from the April 30th total of 114,402 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 36,259 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC acquired a new position in shares of Moolec Science SA (NASDAQ:MLEC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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. Institutional investors own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Moolec Science Trading Down 2.4%

Shares of NASDAQ:MLEC traded down $0.18 during trading on Wednesday, hitting $7.25. 6,855 shares of the company’s stock were exchanged, compared to its average volume of 990,267. Moolec Science has a 1-year low of $3.08 and a 1-year high of $126.60. The firm has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $7.59. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.29 million, a P/E ratio of -0.22 and a beta of 0.38.

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

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.