Short Interest in Functional Brands Inc. (NASDAQ:MEHA) Grows By 751.9%

Functional Brands Inc. (NASDAQ:MEHA) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,442,133 shares, a growth of 751.9% from the May 14th total of 638,792 shares. Currently, 13.3% of the company’s shares are sold short. Based on an average trading volume of 124,216,433 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Functional Brands

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC purchased a new stake in Functional Brands Inc. (NASDAQ:MEHA) in the fourth quarter, according to the company in its most recent Form 13F filing 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 about 1.19% of Functional Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 has an average rating of “Sell”.

Functional Brands Trading Up 4.7%

Shares of Functional Brands stock traded up $0.00 during trading hours on Wednesday, hitting $0.05. The company’s stock had a trading volume of 6,086,140 shares, compared to its average volume of 26,072,699. Functional Brands has a 1-year low of $0.04 and a 1-year high of $8.00. The business has a fifty day moving average of $0.11 and a 200 day moving average of $0.19. The company has a market capitalization of $1.92 million and a PE ratio of -0.15. 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 (NASDAQ:MEHA) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.36) earnings per share (EPS) for the quarter. The firm had revenue of $1.65 million for the quarter.

About Functional Brands

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.