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

Functional Brands Inc. (NASDAQ:MEHA) saw a significant decrease in short interest in the month of 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. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 93,845,172 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Functional Brands currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Functional Brands

An institutional investor recently bought a new position in Functional Brands stock. Jane Street Group LLC bought a new stake in shares of Functional Brands Inc. (NASDAQ:MEHA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 Securities and Exchange Commission (SEC).

Functional Brands Price Performance

Shares of MEHA opened at $0.07 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.25. Functional Brands has a one year low of $0.06 and a one year high of $8.00. The business has a 50-day moving average of $0.12. The stock has a market capitalization of $1.51 million and a price-to-earnings ratio of -0.22.

Functional Brands (NASDAQ:MEHA) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.36) EPS for the quarter. The business 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.