Moolec Science SA (NASDAQ:MLEC) Short Interest Down 21.9% in March

Moolec Science SA (NASDAQ:MLEC) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 102,800 shares, a drop of 21.9% from the March 15th total of 131,700 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 5.6 days. Approximately 1.0% of the company’s shares are short sold.

Moolec Science Trading Down 4.8 %

Shares of MLEC stock traded down $0.03 during mid-day trading on Friday, reaching $0.68. 9,574 shares of the stock traded hands, compared to its average volume of 387,122. The stock’s fifty day simple moving average is $0.70 and its two-hundred day simple moving average is $0.79. Moolec Science has a 1-year low of $0.53 and a 1-year high of $3.25. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 3.24. The company has a market cap of $25.99 million, a price-to-earnings ratio of -3.22 and a beta of -0.33.

Moolec Science (NASDAQ:MLEC) last posted its earnings results on Friday, January 31st. The company reported ($0.05) earnings per share for the quarter. Moolec Science had a negative return on equity of 119.34% and a negative net margin of 140.32%.

Moolec Science Company Profile

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.