Short Interest in MasterBeef Group (NASDAQ:MB) Decreases By 75.4%

MasterBeef Group (NASDAQ:MB) saw a significant drop in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,868 shares, the short-interest ratio is currently 0.1 days.

MasterBeef Group Stock Up 2.7%

Shares of NASDAQ:MB traded up $0.18 during midday trading on Friday, reaching $6.75. The company’s stock had a trading volume of 9,575 shares, compared to its average volume of 12,397. MasterBeef Group has a fifty-two week low of $3.50 and a fifty-two week high of $16.40. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.38 and a current ratio of 1.55. The business’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $6.33.

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

Institutional Trading of MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC purchased a new stake in MasterBeef Group (NASDAQ:MB) in the second quarter, according to the company in its most recent Form 13F 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 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MasterBeef Group 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.