Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Short Interest Update

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP purchased a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned about 1.03% of Steakholder Foods at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Analysts Set New Price Targets

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

Steakholder Foods Price Performance

Steakholder Foods stock opened at $2.51 on Friday. Steakholder Foods has a 12 month low of $2.13 and a 12 month high of $72.80. The stock has a market cap of $3.41 million, a P/E ratio of 0.00 and a beta of 1.41. The company’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $6.26.

About Steakholder Foods

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.