Functional Brands Inc. (NASDAQ:MEHA) Short Interest Down 37.9% in May

Functional Brands Inc. (NASDAQ:MEHA) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 638,792 shares, a decrease of 37.9% from the April 30th total of 1,028,286 shares. Based on an average daily volume of 93,845,172 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Functional Brands

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC purchased a new position in shares of Functional Brands Inc. (NASDAQ:MEHA) during the 4th quarter, according to its most recent disclosure 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 approximately 1.19% of Functional Brands at the end of the most recent quarter.

Functional Brands Trading Up 6.7%

Shares of NASDAQ MEHA traded up $0.00 during mid-day trading on Thursday, hitting $0.07. The company had a trading volume of 3,840,785 shares, compared to its average volume of 25,836,488. 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 company has a 50-day moving average price of $0.12. The company has a market cap of $1.60 million and a P/E ratio of -0.23. Functional Brands has a one year low of $0.06 and a one year high of $8.00.

Functional Brands (NASDAQ:MEHA) last released its earnings results on Friday, May 15th. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $1.65 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat, Functional Brands has an average rating of “Sell”.

Functional Brands Company Profile

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.