Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Update

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,955 shares, a decrease of 56.7% from the January 29th total of 13,748 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 19,434 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 19,434 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Steakholder Foods Stock Up 1.0%

Steakholder Foods stock opened at $1.42 on Friday. Steakholder Foods has a twelve month low of $1.21 and a twelve month high of $62.40. The stock has a market cap of $1.94 million, a P/E ratio of 0.00 and a beta of 1.41. The company’s 50-day moving average price is $2.13 and its two-hundred day moving average price is $3.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Steakholder Foods currently has a consensus rating of “Sell”.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned 1.03% of Steakholder Foods at the end of the most recent quarter. Institutional investors own 4.51% of the company’s stock.

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.