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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,748 shares, an increase of 108.7% from the January 15th total of 6,587 shares. Based on an average trading volume of 249,717 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 249,717 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Steakholder Foods in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Steakholder Foods presently has a consensus rating of “Sell”.

Institutional Trading of Steakholder Foods

An institutional investor recently bought a new position in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned approximately 1.03% of Steakholder Foods as of its most recent SEC filing. Institutional investors own 4.51% of the company’s stock.

Steakholder Foods Price Performance

STKH stock opened at $1.57 on Friday. Steakholder Foods has a 12 month low of $1.57 and a 12 month high of $67.20. The firm’s 50-day moving average is $2.42 and its 200 day moving average is $3.83. The company has a market capitalization of $2.14 million, a PE ratio of 0.00 and a beta of 1.41.

About Steakholder Foods

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.