MasterBeef Group (NASDAQ:MB) Sees Large Decrease in Short Interest

MasterBeef Group (NASDAQ:MB) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,129 shares, a drop of 75.4% from the April 30th total of 8,664 shares. Based on an average daily volume of 21,868 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC purchased a new position in MasterBeef Group (NASDAQ:MB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned approximately 0.06% of MasterBeef Group as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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, According to MarketBeat.com, the company has an average rating of “Sell”.

MasterBeef Group Trading Up 2.7%

Shares of MasterBeef Group stock traded up $0.18 during trading hours on Friday, hitting $6.75. 9,575 shares of the company’s stock traded hands, compared to its average volume of 34,266. MasterBeef Group has a twelve month low of $3.50 and a twelve month high of $16.40. The stock has a 50 day simple moving average of $6.37 and a 200-day simple moving average of $6.35. The company has a quick ratio of 1.38, a current ratio of 1.55 and a debt-to-equity ratio of 1.54.

MasterBeef Group (NASDAQ:MB) last posted its quarterly earnings results on Friday, May 15th. The technology company reported ($0.08) EPS for the quarter. The company had revenue of $14.80 million during the quarter.

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.