Kalera Public Limited (NASDAQ:KAL) Sees Significant Increase in Short Interest

Kalera Public Limited (NASDAQ:KALGet Rating) saw a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 72,800 shares, a growth of 11.3% from the December 15th total of 65,400 shares. Based on an average daily trading volume, of 305,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Kalera Public Stock Performance

KAL stock opened at $6.07 on Tuesday. Kalera Public has a fifty-two week low of $5.55 and a fifty-two week high of $1,330.00. The business’s 50-day moving average is $3.17 and its two-hundred day moving average is $2.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.31.

Kalera Public (NASDAQ:KALGet Rating) last posted its earnings results on Monday, November 14th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.06). The business had revenue of $1.67 million during the quarter, compared to the consensus estimate of $1.97 million. On average, research analysts forecast that Kalera Public will post -290 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mak Capital One LLC bought a new position in Kalera Public in the second quarter valued at about $3,999,000. Platinum Investment Management Ltd. bought a new position in Kalera Public in the second quarter valued at about $2,727,000. Nordea Investment Management AB bought a new position in Kalera Public in the third quarter valued at about $383,000. JPMorgan Chase & Co. bought a new position in shares of Kalera Public in the second quarter worth about $100,000. Finally, UBS Group AG bought a new position in shares of Kalera Public in the second quarter worth about $31,000. Institutional investors own 15.15% of the company’s stock.

Kalera Public Company Profile

(Get Rating)

Kalera Public Limited Company, together with its subsidiaries, operates as a hydroponic vertical farming company in the United States and internationally. The company operates vertical hydroponic farms and related technology development facilities that produce various lettuce and micro-greens for the retail and food service markets.

Recommended Stories

Receive News & Ratings for Kalera Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kalera Public and related companies with MarketBeat.com's FREE daily email newsletter.