Short Interest in FitLife Brands, Inc. (NASDAQ:FTLF) Drops By 32.6%

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 15,500 shares, a drop of 32.6% from the February 28th total of 23,000 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the company's shares are short sold.

FitLife Brands Stock Down 2.9 %

Shares of FTLF stock traded down $0.36 during trading hours on Thursday, reaching $11.95. 8,515 shares of the stock were exchanged, compared to its average volume of 17,363. The business's fifty day moving average is $14.56 and its two-hundred day moving average is $15.61. The firm has a market capitalization of $110.06 million, a P/E ratio of 14.14 and a beta of 0.95. FitLife Brands has a 12-month low of $11.72 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. As a group, research analysts expect that FitLife Brands will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital initiated coverage on FitLife Brands in a research note on Monday, March 17th. They issued a "buy" rating and a $21.00 price objective on the stock.

Insider Transactions at FitLife Brands

In other FitLife Brands news, Director Matthew Lingenbrink acquired 2,800 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $12.17 per share, for a total transaction of $34,076.00. Following the completion of the acquisition, the director now owns 2,800 shares of the company's stock, valued at approximately $34,076. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 61.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTLF. Mink Brook Asset Management LLC acquired a new position in shares of FitLife Brands in the 4th quarter valued at $1,251,000. 683 Capital Management LLC acquired a new stake in FitLife Brands during the 4th quarter worth approximately $384,000. Northern Trust Corp purchased a new position in shares of FitLife Brands in the 4th quarter valued at approximately $409,000. Geode Capital Management LLC increased its holdings in shares of FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after purchasing an additional 1,045 shares during the period. Finally, Bard Associates Inc. acquired a new position in shares of FitLife Brands in the fourth quarter valued at approximately $211,000. 2.32% of the stock is owned by institutional investors and hedge funds.

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.