Short Interest in Moolec Science SA (NASDAQ:MLEC) Drops By 35.0%

Moolec Science SA (NASDAQ:MLEC) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,933 shares, a drop of 35.0% from the July 30th total of 4,512 shares. Based on an average daily volume of 2,784 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Moolec Science from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new stake in Moolec Science stock. Citadel Advisors LLC purchased a new position in shares of Moolec Science SA (NASDAQ:MLEC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Moolec Science Price Performance

Shares of Moolec Science stock traded up $0.10 on Tuesday, hitting $6.90. The company’s stock had a trading volume of 11,808 shares, compared to its average volume of 603,419. The firm has a fifty day moving average price of $7.27 and a 200-day moving average price of $8.26. The company has a market capitalization of $5.04 million, a P/E ratio of -0.21 and a beta of 0.26. Moolec Science has a 52-week low of $3.08 and a 52-week high of $23.22. The company has a quick ratio of 0.08, a current ratio of 0.15 and a debt-to-equity ratio of 0.79.

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. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.