Functional Brands Inc. (NASDAQ:MEHA) Short Interest Down 62.4% in June

Functional Brands Inc. (NASDAQ:MEHA) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,045,995 shares, a drop of 62.4% from the May 31st total of 5,442,133 shares. Based on an average daily volume of 33,392,166 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

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 Functional Brands Inc. (NASDAQ:MEHA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Price Performance

Shares of Functional Brands stock traded down $0.00 during trading hours on Tuesday, reaching $0.01. The company’s stock had a trading volume of 536,981 shares, compared to its average volume of 24,331,900. The stock has a market cap of $222,263.60 and a P/E ratio of -0.02. Functional Brands has a one year low of $0.01 and a one year high of $8.00. The firm has a 50 day moving average price of $0.07 and a 200-day moving average price of $0.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.20 and a quick ratio of 0.64.

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

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.