MasterBeef Group (NASDAQ:MB) Short Interest Up 404.3% in June

MasterBeef Group (NASDAQ:MB) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,194 shares, an increase of 404.3% from the May 31st total of 1,823 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 21,220 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On MasterBeef Group

A hedge fund recently raised its stake in MasterBeef Group stock. Citadel Advisors LLC grew its holdings in MasterBeef Group (NASDAQ:MB) by 27.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,612 shares of the technology company’s stock after acquiring an additional 3,104 shares during the period. Citadel Advisors LLC owned 0.09% of MasterBeef Group worth $125,000 as of its most recent SEC filing.

MasterBeef Group Stock Performance

Shares of MB traded down $0.23 during mid-day trading on Friday, reaching $5.33. 40,170 shares of the stock traded hands, compared to its average volume of 14,926. The stock has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $6.23. MasterBeef Group has a 12-month low of $3.50 and a 12-month high of $16.40. 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 released its quarterly earnings data on Friday, May 15th. The technology company reported ($0.08) earnings per share for the quarter. The company had revenue of $14.80 million for the quarter.

MasterBeef Group Company Profile

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.