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

Functional Brands Inc. (NASDAQ:MEHA) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,028,286 shares, an increase of 327.1% from the April 15th total of 240,754 shares. Based on an average daily volume of 10,485,965 shares, the short-interest ratio is presently 0.1 days. Approximately 4.7% of the company’s shares are sold short.

Hedge Funds 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 1.19% of Functional Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

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

Functional Brands Price Performance

Shares of NASDAQ MEHA traded up $0.01 during midday trading on Wednesday, reaching $0.10. 19,060,819 shares of the stock were exchanged, compared to its average volume of 15,864,449. Functional Brands has a 12 month low of $0.07 and a 12 month high of $8.00. The stock has a market capitalization of $2.19 million and a P/E ratio of 2.50. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average is $0.15.

Functional Brands (NASDAQ:MEHA) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $1.49 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.