FitLife Brands, Inc. (NASDAQ:FTLF) Sees Large Increase in Short Interest

FitLife Brands, Inc. (NASDAQ:FTLF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, an increase of 10.4% from the November 30th total of 10,600 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is presently 1.0 days.

FitLife Brands Stock Down 1.9 %

FTLF traded down $0.63 during trading on Wednesday, hitting $32.60. The stock had a trading volume of 6,083 shares, compared to its average volume of 7,812. The stock has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $32.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50. FitLife Brands has a twelve month low of $19.00 and a twelve month high of $35.49. The company has a market capitalization of $149.89 million, a PE ratio of 19.29 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Roth Mkm started coverage on FitLife Brands in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $40.00 price target for the company. Roth Capital upgraded shares of FitLife Brands to a “strong-buy” rating in a report on Tuesday, September 3rd.

Institutional Trading of FitLife Brands

A hedge fund recently raised its stake in FitLife Brands stock. Geode Capital Management LLC boosted its holdings in shares of FitLife Brands, Inc. (NASDAQ:FTLF) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,157 shares of the company’s stock after buying an additional 1,144 shares during the period. Geode Capital Management LLC owned approximately 0.48% of FitLife Brands worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 2.32% of the stock is currently owned by hedge funds and other institutional investors.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.