Short Interest in Mannatech, Incorporated (NASDAQ:MTEX) Increases By 120.6%
by Jessica Moore · The Cerbat GemMannatech, Incorporated (NASDAQ:MTEX – Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 26,281 shares, an increase of 120.6% from the March 31st total of 11,912 shares. Based on an average daily volume of 33,875 shares, the short-interest ratio is presently 0.8 days. Currently, 2.3% of the shares of the company are sold short.
Mannatech Stock Performance
Shares of NASDAQ MTEX traded up $0.06 during midday trading on Friday, hitting $4.76. The company’s stock had a trading volume of 11,955 shares, compared to its average volume of 19,092. The stock has a fifty day moving average price of $6.30 and a 200 day moving average price of $7.79. Mannatech has a one year low of $4.66 and a one year high of $12.45. The company has a current ratio of 1.10, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.19 million, a price-to-earnings ratio of -0.60 and a beta of 0.82.
Mannatech (NASDAQ:MTEX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($5.94) earnings per share (EPS) for the quarter. Mannatech had a negative net margin of 14.08% and a negative return on equity of 398.35%. The business had revenue of $26.64 million during the quarter.
Mannatech Company Profile
Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.
The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.