FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Down 19.8% in December

by · The Markets Daily

FitLife Brands Inc. (NASDAQ:FTLF – Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 76,817 shares, a decrease of 19.8% from the November 30th total of 95,780 shares. Based on an average trading volume of 14,357 shares, the short-interest ratio is currently 5.4 days. Currently, 2.1% of the shares of the company are short sold. Currently, 2.1% of the shares of the company are short sold. Based on an average trading volume of 14,357 shares, the short-interest ratio is currently 5.4 days.

Institutional Investors Weigh In On FitLife Brands

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FitLife Brands in a research report on Monday. Zacks Research cut shares of FitLife Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Check Out Our Latest Report on FTLF

FitLife Brands Stock Performance

Shares of FTLF stock traded up $0.17 on Wednesday, hitting $16.27. The company’s stock had a trading volume of 6,931 shares, compared to its average volume of 11,550. FitLife Brands has a fifty-two week low of $9.83 and a fifty-two week high of $20.98. 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 stock’s 50 day moving average is $18.03 and its 200-day moving average is $16.91. The company has a market capitalization of $152.78 million, a PE ratio of 18.61 and a beta of 0.43.

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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