Short Interest in MasterBeef Group (NASDAQ:MB) Declines By 56.2%

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

Institutional Investors Weigh In On MasterBeef Group

A hedge fund recently bought a new position in MasterBeef Group stock. Geode Capital Management LLC bought a new position in shares of MasterBeef Group (NASDAQ:MB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.

Analyst Ratings Changes

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

MasterBeef Group Trading Up 8.8%

NASDAQ:MB traded up $0.47 on Monday, reaching $5.76. 41,427 shares of the company’s stock were exchanged, compared to its average volume of 256,161. 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 stock has a fifty day simple moving average of $5.03 and a 200-day simple moving average of $5.66. MasterBeef Group has a 52 week low of $3.51 and a 52 week high of $19.75.

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