FitLife Brands Inc. (NASDAQ:FTLF) Sees Significant Drop in Short Interest

FitLife Brands Inc. (NASDAQ:FTLF) was the target of a significant decrease in short interest during 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 daily volume of 14,357 shares, the days-to-cover ratio is presently 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 daily volume of 14,357 shares, the days-to-cover ratio is presently 5.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FTLF shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday. Zacks Research lowered FitLife Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Institutional Trading of FitLife Brands

A number of institutional investors have recently bought and sold shares of FTLF. Bank of America Corp DE increased its position in shares of FitLife Brands by 6,524.2% in the second quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after buying an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FitLife Brands in the 2nd quarter valued at about $28,000. Osaic Holdings Inc. increased its holdings in FitLife Brands by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after acquiring an additional 2,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in FitLife Brands by 107.0% during the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock worth $76,000 after acquiring an additional 1,974 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in FitLife Brands during the second quarter worth about $103,000. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

FitLife Brands Price Performance

FTLF stock opened at $16.27 on Friday. The firm has a 50 day moving average of $17.92 and a 200-day moving average of $16.90. FitLife Brands has a 12-month low of $9.83 and a 12-month high of $20.98. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 0.77. The company has a market cap of $152.78 million, a price-to-earnings ratio of 28.54 and a beta of 0.45.

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.