Functional Brands Inc. (NASDAQ:MEHA) Short Interest Update

Functional Brands Inc. (NASDAQ:MEHA) saw a significant growth in short interest in 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. Based on an average daily volume of 124,216,433 shares, the short-interest ratio is presently 0.0 days. Currently, 13.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Functional Brands

An institutional investor recently bought a new position in Functional Brands stock. Jane Street Group LLC purchased a new stake in Functional Brands Inc. (NASDAQ:MEHA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned 1.19% of Functional Brands as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

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

Functional Brands Trading Down 7.6%

Shares of Functional Brands stock traded down $0.00 on Thursday, reaching $0.04. The company had a trading volume of 5,704,245 shares, compared to its average volume of 25,912,010. The firm’s 50 day moving average price is $0.11 and its two-hundred day moving average price is $0.19. The firm has a market cap of $1.78 million and a PE ratio of -0.13. Functional Brands has a 52-week low of $0.04 and a 52-week high of $8.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.64 and a current ratio of 1.20.

Functional Brands (NASDAQ:MEHA) last released its quarterly earnings results 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.

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.