Functional Brands Inc. (NASDAQ:MEHA) Sees Significant Increase in Short Interest

Functional Brands Inc. (NASDAQ:MEHA) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,028,286 shares, an increase of 327.1% from the April 15th total of 240,754 shares. Based on an average daily volume of 10,485,965 shares, the short-interest ratio is currently 0.1 days. Approximately 4.7% of the shares of the company are short sold.

Functional Brands Trading Up 0.7%

MEHA stock traded up $0.00 during trading on Friday, hitting $0.09. The company had a trading volume of 4,682,724 shares, compared to its average volume of 15,719,517. The company has a market capitalization of $1.89 million and a price-to-earnings ratio of 2.15. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $0.15. Functional Brands has a fifty-two week low of $0.07 and a fifty-two week high of $8.00.

Functional Brands (NASDAQ:MEHA) last released its quarterly earnings results on Friday, March 27th. The company reported $0.01 EPS for the quarter. The company had revenue of $1.49 million for the quarter.

Hedge Funds Weigh In On Functional Brands

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC acquired a new position in Functional Brands Inc. (NASDAQ:MEHA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 1.19% of Functional Brands as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

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

About Functional Brands

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.