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

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

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 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 1.19% of Functional Brands as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

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

Functional Brands Trading Up 14.3%

Shares of MEHA traded up $0.01 during trading hours on Wednesday, hitting $0.10. 19,060,819 shares of the stock traded hands, compared to its average volume of 15,864,449. The firm has a fifty day simple moving average of $0.15. 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 stock has a market capitalization of $2.19 million and a price-to-earnings ratio of 2.50. Functional Brands has a 1-year low of $0.07 and a 1-year high of $8.00.

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