Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Stock Short Interest Climbs 540.0%

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 217,005 shares, a growth of 540.0% from the October 15th total of 33,907 shares. Approximately 33.4% of the shares of the stock are sold short. Based on an average trading volume of 1,597,418 shares, the days-to-cover ratio is currently 0.1 days.

Steakholder Foods Trading Down 12.0%

NASDAQ:STKH opened at $2.49 on Wednesday. The company’s 50-day moving average is $5.82 and its two-hundred day moving average is $16.18. Steakholder Foods has a 1-year low of $1.51 and a 1-year high of $61.35.

Steakholder Foods (NASDAQ:STKH) last announced its quarterly earnings results on Tuesday, August 25th. The company reported ($5.00) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on STKH shares. Wall Street Zen raised shares of Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting. Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.