Moolec Science SA (NASDAQ:MLEC) Short Interest Up 441.4% in April

Moolec Science SA (NASDAQ:MLECGet Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 13,318 shares, an increase of 441.4% from the March 31st total of 2,460 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 1,036,655 shares, the days-to-cover ratio is currently 0.0 days.

Moolec Science Price Performance

MLEC stock opened at $7.27 on Friday. The company has a market capitalization of $5.28 million, a PE ratio of -0.22 and a beta of -0.36. Moolec Science has a 12 month low of $3.08 and a 12 month high of $157.05. The firm’s 50-day moving average is $9.55 and its 200 day moving average is $7.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moolec Science stock. Citadel Advisors LLC bought a new stake in shares of Moolec Science SA (NASDAQ:MLECFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.90% of Moolec Science as of its most recent filing with the Securities and Exchange Commission. 0.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Moolec Science from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th.

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About Moolec Science

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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.

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