MamaMancini’s Holdings, Inc. (NASDAQ:MMMB) Short Interest Update

MamaMancini’s Holdings, Inc. (NASDAQ:MMMBGet Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 6,200 shares, a drop of 65.4% from the April 30th total of 17,900 shares. Based on an average trading volume of 90,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

MamaMancini’s Stock Performance

Shares of MMMB traded down $0.15 during midday trading on Friday, reaching $2.37. The stock had a trading volume of 30,490 shares, compared to its average volume of 91,993. The firm has a market cap of $86.08 million, a PE ratio of 33.86 and a beta of 0.87. The firm has a 50 day simple moving average of $2.14 and a 200-day simple moving average of $1.80. MamaMancini’s has a one year low of $0.93 and a one year high of $2.83. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

MamaMancini’s (NASDAQ:MMMBGet Rating) last issued its earnings results on Wednesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $22.80 million during the quarter, compared to the consensus estimate of $23.90 million. MamaMancini’s had a net margin of 2.45% and a return on equity of 23.18%. As a group, sell-side analysts anticipate that MamaMancini’s will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in MamaMancini’s during the first quarter worth $30,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of MamaMancini’s during the 1st quarter worth about $40,000. Blair William & Co. IL acquired a new stake in shares of MamaMancini’s during the 1st quarter worth about $48,000. Onyx Bridge Wealth Group LLC bought a new stake in shares of MamaMancini’s during the 1st quarter worth about $48,000. Finally, Prime Capital Investment Advisors LLC bought a new position in MamaMancini’s in the 3rd quarter valued at about $55,000. 12.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TheStreet upgraded MamaMancini’s from a “c+” rating to a “b-” rating in a report on Wednesday. Lake Street Capital started coverage on MamaMancini’s in a research note on Tuesday, February 7th. They set a “buy” rating on the stock.

About MamaMancini’s

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MamaMancini’s Holdings, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.

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