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

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

Analysts Set New Price Targets

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

Functional Brands Trading Up 4.7%

Shares of Functional Brands stock traded up $0.00 during mid-day trading on Wednesday, hitting $0.05. 6,086,140 shares of the stock were exchanged, compared to its average volume of 26,072,699. Functional Brands has a twelve month low of $0.04 and a twelve month high of $8.00. The stock has a market capitalization of $1.92 million and a price-to-earnings ratio of -0.15. The company has a 50-day simple moving average of $0.11 and a 200 day simple moving average of $0.19. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.25.

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 business had revenue of $1.65 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC acquired a new stake in shares of Functional Brands Inc. (NASDAQ:MEHA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 1.19% of Functional Brands at the end of the most recent reporting period.

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.