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

Functional Brands Inc. (NASDAQ:MEHA) saw a significant growth in short interest during 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 currently 0.0 days. Currently, 13.3% of the shares of the stock are short sold.

Functional Brands Trading Down 6.7%

Shares of MEHA opened at $0.04 on Friday. The company’s fifty day moving average is $0.10 and its 200 day moving average is $0.19. Functional Brands has a fifty-two week low of $0.04 and a fifty-two week high of $8.00. The stock has a market capitalization of $1.80 million and a PE ratio of -0.13. 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 announced its quarterly earnings results on Friday, May 15th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $1.65 million for the quarter.

Analyst Upgrades and Downgrades

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

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) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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.