Mindbody Class A (NASDAQ:MB) Shorts Decreased by 5.9% After Short Covering

February 15, 2018 - By reb123z

 Mindbody Class A (NASDAQ:MB) Shorts Decreased by 5.9% After Short Covering

The stock of Mindbody Class A (NASDAQ:MB) registered a decrease of 5.9% in short interest. MB’s total short interest was 5.15M shares in February as published by FINRA. Its down 5.9% from 5.47M shares, reported previously. With 472,400 shares average volume, it will take short sellers 11 days to cover their MB’s short positions. The short interest to Mindbody Class A’s float is 29.95%.

The stock increased 2.61% or $0.85 during the last trading session, reaching $33.45. About 192,506 shares traded. MINDBODY, Inc. (NASDAQ:MB) has risen 108.43% since February 15, 2017 and is uptrending. It has outperformed by 91.73% the S&P500.

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. The company has market cap of $1.56 billion. The Company’s platform enables businesses to run, market, and build client scheduling and online booking, staff management, client relationship management, integrated payment processing, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, branded Web, social integration, cloud architecture, open platform for third-party application development, security and compliance, and integration with other cloud partners for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, spas, salons, music instruction studios, dance studios, childrenÂ’s activity centers, and integrative health centers. It currently has negative earnings. The firm offers its software platform to its subscribers as a subscription service.

MINDBODY, Inc. (NASDAQ:MB) Ratings Coverage

Among 11 analysts covering Mindbody Inc (NASDAQ:MB), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Mindbody Inc had 23 analyst reports since September 28, 2015 according to SRatingsIntel. The stock of MINDBODY, Inc. (NASDAQ:MB) has “Buy” rating given on Friday, June 9 by J.P. Morgan. The stock of MINDBODY, Inc. (NASDAQ:MB) has “Equal-Weight” rating given on Tuesday, January 30 by Morgan Stanley. Roth Capital initiated the stock with “Buy” rating in Friday, September 23 report. The stock of MINDBODY, Inc. (NASDAQ:MB) earned “Overweight” rating by KeyBanc Capital Markets on Friday, September 22. The rating was maintained by Imperial Capital on Friday, July 29 with “Outperform”. The firm has “Buy” rating by KeyBanc Capital Markets given on Sunday, October 22. Imperial Capital maintained the shares of MB in report on Monday, October 31 with “Outperform” rating. The rating was maintained by Roth Capital on Tuesday, June 6 with “Buy”. The stock of MINDBODY, Inc. (NASDAQ:MB) has “Buy” rating given on Monday, January 8 by Jefferies. The rating was initiated by Imperial Capital on Tuesday, June 7 with “Outperform”.

More recent MINDBODY, Inc. (NASDAQ:MB) news were published by: Globenewswire.com which released: “MINDBODY to Report Fourth Quarter and Full Year 2017 Financial Results on …” on January 18, 2018. Also Prnewswire.com published the news titled: “What’s Happening With These Application Software Stocks? — Appian, MINDBODY …” on January 30, 2018. Nasdaq.com‘s news article titled: “Commit To Purchase MINDBODY At $25, Earn 8% Annualized Using Options” with publication date: February 05, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.