Short Interest in MasterBeef Group (NASDAQ:MB) Drops By 56.2%

MasterBeef Group (NASDAQ:MB) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 2,045 shares, a drop of 56.2% from the July 15th total of 4,673 shares. Based on an average daily trading volume, of 946 shares, the short-interest ratio is currently 2.2 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On MasterBeef Group

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

MasterBeef Group Stock Down 12.0%

NASDAQ:MB traded down $0.72 during mid-day trading on Friday, reaching $5.30. 256,648 shares of the stock were exchanged, compared to its average volume of 1,641,438. MasterBeef Group has a 1 year low of $3.50 and a 1 year high of $19.75. The company has a 50 day simple moving average of $5.03 and a 200-day simple moving average of $5.67. The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54.

MasterBeef Group (NASDAQ:MB) last issued its quarterly earnings data on Friday, May 15th. The technology company reported ($0.08) earnings per share for the quarter. The business had revenue of $14.80 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MasterBeef Group in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.