Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Sees Significant Increase in Short Interest

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 352,437 shares, a growth of 384.6% from the July 15th total of 72,731 shares. Based on an average trading volume of 5,541,020 shares, the days-to-cover ratio is currently 0.1 days. Approximately 59.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat, the company presently has an average rating of “Sell”.

Steakholder Foods Stock Performance

Shares of Steakholder Foods stock traded down $0.52 during midday trading on Thursday, hitting $2.88. The company’s stock had a trading volume of 284,236 shares, compared to its average volume of 1,025,472. Steakholder Foods has a 1-year low of $1.08 and a 1-year high of $21.23. The stock has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $3.96.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% 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.

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.