Short Interest in Moolec Science SA (NASDAQ:MLEC) Declines By 47.2%

Moolec Science SA (NASDAQ:MLEC) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,549 shares, a decline of 47.2% from the August 15th total of 2,933 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 16,208 shares, the days-to-cover ratio is currently 0.1 days.

Moolec Science Stock Up 5.8%

Shares of Moolec Science stock traded up $0.35 during trading hours on Thursday, reaching $6.38. The company’s stock had a trading volume of 4,762 shares, compared to its average volume of 568,049. Moolec Science has a one year low of $3.08 and a one year high of $23.22. The company has a market capitalization of $4.66 million, a P/E ratio of -0.19 and a beta of 0.26. The stock’s fifty day simple moving average is $7.07 and its two-hundred day simple moving average is $7.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.15.

About Moolec Science

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.