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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,178 shares, a decline of 42.5% from the April 30th total of 10,753 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 7,705 shares, the days-to-cover ratio is currently 0.8 days.

Steakholder Foods Stock Down 4.5%

STKH stock traded down $0.06 during midday trading on Wednesday, hitting $1.28. 19,900 shares of the stock traded hands, compared to its average volume of 57,207. Steakholder Foods has a 1-year low of $1.12 and a 1-year high of $28.72. The stock’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.98.

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

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP acquired a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Steakholder Foods presently has a consensus rating of “Sell”.

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.