Short Interest in Steakholder Foods Ltd. (NASDAQ:STKH) Declines By 31.8%

Steakholder Foods Ltd. (NASDAQ:STKH) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 15,200 shares, a decrease of 31.8% from the February 13th total of 22,300 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 34,200 shares, the days-to-cover ratio is currently 0.4 days.

Steakholder Foods Stock Performance

STKH stock traded up $0.07 during mid-day trading on Friday, hitting $1.17. 10,699 shares of the company were exchanged, compared to its average volume of 27,496. Steakholder Foods has a 1-year low of $1.10 and a 1-year high of $6.50. The firm’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $2.12.

Steakholder Foods Company Profile

Steakholder Foods Ltd., a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter in Israel. The company develops a three-dimensional bioprinter to deposit layers of stem cells and differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat.