FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 24,600 shares, a growth of 20.0% from the January 31st total of 20,500 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 1.4 days.
Institutional Investors Weigh In On FitLife Brands
Hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new stake in FitLife Brands during the 3rd quarter worth approximately $91,000. Bard Associates Inc. acquired a new stake in shares of FitLife Brands during the fourth quarter worth $211,000. 683 Capital Management LLC acquired a new stake in shares of FitLife Brands during the fourth quarter worth $384,000. Northern Trust Corp acquired a new position in FitLife Brands in the 4th quarter valued at $409,000. Finally, Geode Capital Management LLC lifted its stake in shares of FitLife Brands by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company's stock worth $726,000 after acquiring an additional 1,144 shares during the period. Institutional investors and hedge funds own 2.32% of the company's stock.
FitLife Brands Stock Performance
Shares of FitLife Brands stock traded down $0.95 on Monday, hitting $13.90. The stock had a trading volume of 36,516 shares, compared to its average volume of 16,943. The stock has a market cap of $128.02 million, a price-to-earnings ratio of 16.45 and a beta of 0.95. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. FitLife Brands has a 52-week low of $10.60 and a 52-week high of $17.75. The company's 50 day moving average price is $15.46 and its 200 day moving average price is $16.02.
About FitLife Brands
(
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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.
Further Reading
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