Short Interest in Moolec Science SA (NASDAQ:MLEC) Declines By 52.1%

Moolec Science SA (NASDAQ:MLEC) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,512 shares, a drop of 52.1% from the July 15th total of 9,414 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 18,186 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Moolec Science Price Performance

NASDAQ MLEC traded down $0.97 on Tuesday, hitting $7.60. The stock had a trading volume of 14,530 shares, compared to its average volume of 637,529. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $8.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.15. Moolec Science has a 52-week low of $3.08 and a 52-week high of $38.55. The company has a market capitalization of $5.55 million, a price-to-earnings ratio of -0.23 and a beta of 0.26.

Hedge Funds Weigh In On Moolec Science

An institutional investor recently bought a new position in Moolec Science stock. Citadel Advisors LLC purchased a new stake in shares of Moolec Science SA (NASDAQ:MLEC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.90% of Moolec Science at the end of the most recent quarter. 0.07% of the stock is owned by institutional investors.

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.