Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Large Drop in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 10,753 shares, a decline of 51.2% from the April 15th total of 22,022 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 10,885 shares, the days-to-cover ratio is currently 1.0 days.

Steakholder Foods Stock Performance

NASDAQ:STKH opened at $1.54 on Monday. Steakholder Foods has a 12 month low of $1.12 and a 12 month high of $28.72. The stock has a 50 day moving average of $1.58 and a two-hundred day moving average of $2.09.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($24.20) EPS for the quarter.

Institutional Investors Weigh In On Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods at the end of the most recent reporting period. 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Steakholder Foods in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.