Short Interest in Functional Brands Inc. (NASDAQ:MEHA) Decreases By 62.4%

Functional Brands Inc. (NASDAQ:MEHAGet Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,045,995 shares, a decline of 62.4% from the May 31st total of 5,442,133 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average trading volume of 33,392,166 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Functional Brands from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Analysis on Functional Brands

Institutional Investors Weigh In On Functional Brands

A hedge fund recently bought a new position in Functional Brands stock. Jane Street Group LLC purchased a new position in Functional Brands Inc. (NASDAQ:MEHAFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 1.19% of Functional Brands at the end of the most recent quarter.

Functional Brands Trading Up 5.7%

NASDAQ MEHA traded up $0.00 during trading hours on Monday, hitting $0.01. 1,369,712 shares of the company were exchanged, compared to its average volume of 24,527,244. Functional Brands has a 52 week low of $0.01 and a 52 week high of $8.00. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $0.07 and a 200 day moving average price of $0.16. The stock has a market cap of $239,360.80 and a PE ratio of -0.02.

Functional Brands (NASDAQ:MEHAGet Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $1.65 million during the quarter.

Functional Brands Company Profile

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Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products.

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