Short Interest in MasterBeef Group (NASDAQ:MB) Decreases By 48.3%

Key Points

• Short interest in MasterBeef Group fell by 48.3% in March to 5,144 shares as of March 31, representing 0.0% of shares sold short and a days-to-cover ratio of about 3.7 days.
• The stock traded up to $5.74 on light volume (399 shares) and institutional buying was noted as Geode Capital Management opened a new stake of 10,878 shares (≈$92,000), about 0.06% ownership.
• Analysts maintain a consensus Sell rating on MB, with Weiss Ratings reaffirming a "sell (d-)" recommendation.

MasterBeef Group (NASDAQ:MB - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,144 shares, a decline of 48.3% from the March 15th total of 9,956 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,406 shares, the days-to-cover ratio is presently 3.7 days.

MasterBeef Group Stock Up 0.5%

Shares of MB traded up $0.03 during trading hours on Monday, reaching $5.74. 399 shares of the company traded hands, compared to its average volume of 5,254. MasterBeef Group has a 12-month low of $2.73 and a 12-month high of $16.40. The stock's fifty day moving average price is $5.50 and its 200 day moving average price is $6.88.

Institutional Trading of MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC acquired a new stake in MasterBeef Group (NASDAQ:MB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of MasterBeef Group in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MasterBeef Group has a consensus rating of "Sell".

MasterBeef Group Company Profile

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.

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