Short Interest in MasterBeef Group (NASDAQ:MB) Decreases By 48.3%

MasterBeef Group (NASDAQ:MB) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 5,144 shares, a decline of 48.3% from the March 15th total of 9,956 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,406 shares, the days-to-cover ratio is currently 3.7 days.

Hedge Funds Weigh In On MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC bought a new position in MasterBeef Group (NASDAQ:MB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned approximately 0.06% of MasterBeef Group as of its most recent filing with the Securities and Exchange Commission (SEC).

MasterBeef Group Stock Performance

MasterBeef Group stock traded up $0.03 during trading hours on Monday, reaching $5.74. The stock had a trading volume of 399 shares, compared to its average volume of 5,254. The business’s 50 day moving average price is $5.50 and its 200-day moving average price is $6.88. MasterBeef Group has a 52 week low of $2.73 and a 52 week high of $16.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MasterBeef Group in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About MasterBeef Group

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.