Short Interest in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Drops By 51.2%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 10,753 shares, a decrease of 51.2% from the April 15th total of 22,022 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 10,885 shares, the short-interest ratio is presently 1.0 days.

Steakholder Foods Price Performance

STKH stock traded up $0.02 during mid-day trading on Friday, reaching $1.54. The company had a trading volume of 4,241 shares, compared to its average volume of 9,816. The firm has a 50 day moving average of $1.58 and a 200 day moving average of $2.10. Steakholder Foods has a 12 month low of $1.12 and a 12 month high of $28.72.

Steakholder Foods (NASDAQ:STKH) last issued its earnings results on Thursday, April 30th. The company reported ($24.20) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Steakholder Foods in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent filing with the Securities & Exchange Commission. 4.51% of the stock is owned by institutional investors.

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.