Moolec Science SA (NASDAQ:MLEC) Shares Shorted: Short Interest Down 68.4% in September

Moolec Science SA (NASDAQ:MLEC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,821 shares, a drop of 68.4% from the September 15th total of 8,919 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 14,300 shares, the short-interest ratio is currently 0.2 days.

Moolec Science Trading Up 1.3%

Shares of MLEC traded up $0.02 during trading hours on Tuesday, reaching $1.82. 45,470 shares of the stock traded hands, compared to its average volume of 518,906. The company has a market cap of $1.32 million, a P/E ratio of -0.06 and a beta of 0.33. The company’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $7.20. Moolec Science has a 52-week low of $1.64 and a 52-week high of $23.22.

About Moolec Science

Moolec Science Ltd. is a food-technology and biotechnology company developing alternative sources of animal proteins through molecular farming. The company uses genetically engineered plants, including soybeans and safflower, as biological production platforms designed to produce specific proteins that can be used in food and other applications.

Its research and development programs have included “Piggy Sooy,” a soybean engineered to produce pork protein, as well as safflower-based production of animal proteins such as chymosin, an enzyme used in cheese manufacturing.