Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Large Decrease in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 21,104 shares, a drop of 41.0% from the November 30th total of 35,779 shares. Based on an average daily volume of 204,274 shares, the short-interest ratio is currently 0.1 days. Currently, 1.6% of the shares of the stock are sold short. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 204,274 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen downgraded Steakholder Foods from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Steakholder Foods in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Steakholder Foods

A hedge fund recently raised its stake in Steakholder Foods stock. Armistice Capital LLC raised its stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,941 shares of the company’s stock after buying an additional 3,591 shares during the quarter. Armistice Capital LLC owned about 14.18% of Steakholder Foods worth $164,000 at the end of the most recent reporting period. Institutional investors own 4.51% of the company’s stock.

Steakholder Foods Stock Down 1.1%

NASDAQ STKH traded down $0.03 during trading hours on Tuesday, hitting $2.36. The company’s stock had a trading volume of 5,215 shares, compared to its average volume of 230,318. The stock has a fifty day moving average of $2.88 and a 200 day moving average of $6.14. Steakholder Foods has a twelve month low of $2.13 and a twelve month high of $72.80. The firm has a market capitalization of $3.20 million, a P/E ratio of 0.00 and a beta of 1.41.

Steakholder Foods Company Profile

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.