Moolec Science SA (NASDAQ:MLEC) Sees Significant Decrease in Short Interest
by Scott Moore · The Cerbat GemMoolec Science SA (NASDAQ:MLEC – Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 7,508 shares, a decrease of 93.4% from the April 30th total of 114,402 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,259 shares, the days-to-cover ratio is currently 0.2 days.
Moolec Science Trading Up 4.6%
MLEC stock traded up $0.33 during midday trading on Friday, hitting $7.53. The company had a trading volume of 36,493 shares, compared to its average volume of 25,446. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. Moolec Science has a 52 week low of $3.08 and a 52 week high of $126.60. The stock’s 50 day moving average price is $7.94 and its 200 day moving average price is $7.56. The stock has a market cap of $5.50 million, a price-to-earnings ratio of -0.23 and a beta of 0.38.
Moolec Science (NASDAQ:MLEC – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $47.49 earnings per share for the quarter. The company had revenue of $2.62 million during the quarter.
Institutional Trading of Moolec Science
An institutional investor recently bought a new position in Moolec Science stock. Citadel Advisors LLC bought a new stake in shares of Moolec Science SA (NASDAQ:MLEC – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,218 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.90% of Moolec Science as of its most recent SEC filing. Hedge funds and other institutional investors own 0.07% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Moolec Science from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.
Read Our Latest Research Report on Moolec Science
Moolec Science Company Profile
Moolec Science SA, a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg.