MasterBeef Group (NASDAQ:MB) Short Interest Down 56.2% in July

MasterBeef Group (NASDAQ:MB) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,045 shares, a decline of 56.2% from the July 15th total of 4,673 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 946 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of MasterBeef Group

An institutional investor recently raised its position in MasterBeef Group stock. Citadel Advisors LLC grew its position in MasterBeef Group (NASDAQ:MB) by 27.0% during the 3rd quarter, according to the company in 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 about 0.09% of MasterBeef Group worth $125,000 at the end of the most recent quarter.

MasterBeef Group Trading Down 12.0%

Shares of MasterBeef Group stock traded down $0.72 during trading hours on Friday, hitting $5.30. 256,648 shares of the company were exchanged, compared to its average volume of 1,641,438. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.55 and a quick ratio of 1.38. The business has a 50-day moving average of $5.03 and a 200-day moving average of $5.67. MasterBeef Group has a 1 year low of $3.50 and a 1 year high of $19.75.

MasterBeef Group (NASDAQ:MB) last posted 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MasterBeef Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About MasterBeef Group

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.