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

FitLife Brands, Inc. (NASDAQ:FTLF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, an increase of 10.7% from the October 31st total of 7,500 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of FitLife Brands

A hedge fund recently bought a new stake in FitLife Brands stock. Barclays PLC bought a new position in FitLife Brands, Inc. (NASDAQ:FTLF) in the third quarter, according to its most recent filing with the SEC. The firm bought 2,785 shares of the company’s stock, valued at approximately $91,000. Barclays PLC owned approximately 0.06% of FitLife Brands as of its most recent SEC filing. 2.32% of the stock is owned by institutional investors.

FitLife Brands Stock Performance

FTLF stock traded down $0.38 during trading on Monday, reaching $33.35. The company had a trading volume of 9,345 shares, compared to its average volume of 7,753. The firm has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $31.87. The company has a market cap of $153.34 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. 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 $18.87 and a twelve month high of $35.49.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Mkm assumed coverage on shares of FitLife Brands in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $40.00 price objective on the stock. Roth Capital raised shares of FitLife Brands to a “strong-buy” rating in a research report on Tuesday, September 3rd.

About FitLife Brands

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.