FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Update

by · The Cerbat Gem

FitLife Brands Inc. (NASDAQ:FTLF – Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 56,773 shares, a drop of 19.1% from the December 31st total of 70,180 shares. Based on an average trading volume of 23,643 shares, the short-interest ratio is presently 2.4 days. Currently, 1.6% of the company’s shares are short sold. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 23,643 shares, the short-interest ratio is presently 2.4 days.

FitLife Brands Stock Up 2.9%

FitLife Brands stock traded up $0.46 during midday trading on Monday, hitting $16.36. 9,420 shares of the company’s stock were exchanged, compared to its average volume of 16,604. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.46 and a current ratio of 1.13. The company has a market cap of $153.62 million, a PE ratio of 28.70 and a beta of 0.43. The firm has a 50-day moving average of $16.63 and a two-hundred day moving average of $17.34. FitLife Brands has a 12 month low of $9.83 and a 12 month high of $20.98.

Wall Street Analyst Weigh In

FTLF has been the topic of a number of recent analyst reports. Zacks Research lowered FitLife Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, FitLife Brands has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Get Our Latest Research Report on FitLife Brands

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in FitLife Brands during the second quarter valued at about $28,000. Bank of America Corp DE lifted its position in shares of FitLife Brands by 6,524.2% during the second quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after buying an additional 2,153 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of FitLife Brands by 107.0% during the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock valued at $76,000 after buying an additional 1,974 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of FitLife Brands by 119.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after buying an additional 2,400 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of FitLife Brands by 12.3% in the 3rd quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock valued at $117,000 after buying an additional 642 shares in the last quarter. 2.32% of the stock is owned by institutional investors.

About FitLife Brands

(Get Free Report)

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.

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