Short Interest in Moolec Science SA (NASDAQ:MLEC) Grows By 56.9%

Moolec Science SA (NASDAQ:MLEC - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 8,000 shares, an increase of 56.9% from the March 31st total of 5,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on Moolec Science in a research note on Tuesday, January 30th. They set a "buy" rating and a $6.00 target price for the company.

Moolec Science Stock Performance

Shares of MLEC stock traded up $0.03 during trading hours on Friday, hitting $1.45. 308,796 shares of the company's stock were exchanged, compared to its average volume of 4,393,164. The company has a current ratio of 0.43, a quick ratio of 0.37 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $1.53 and a two-hundred day moving average of $2.08. Moolec Science has a fifty-two week low of $1.15 and a fifty-two week high of $4.40.

Moolec Science (NASDAQ:MLEC - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $0.25 million during the quarter, compared to analyst estimates of $0.63 million.

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.