FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Update

FitLife Brands Inc. (NASDAQ:FTLF) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 56,773 shares, a decrease of 19.1% from the December 31st total of 70,180 shares. Based on an average daily volume of 23,643 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 23,643 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of FitLife Brands

Several institutional investors and hedge funds have recently made changes to their positions in FTLF. Bank of America Corp DE grew its holdings in 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 worth $28,000 after acquiring an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of FitLife Brands in the 2nd quarter worth approximately $28,000. Osaic Holdings Inc. lifted its position in shares of FitLife Brands by 119.2% in the 2nd 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. JPMorgan Chase & Co. boosted its stake in shares of FitLife Brands by 107.0% during the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock valued at $76,000 after purchasing an additional 1,974 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in FitLife Brands during the second quarter valued at approximately $103,000. 2.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FTLF shares. Zacks Research lowered FitLife Brands from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, FitLife Brands has an average rating of “Moderate Buy” and a consensus target price of $23.00.

FitLife Brands Trading Down 3.1%

Shares of FitLife Brands stock traded down $0.51 on Tuesday, hitting $15.85. 7,369 shares of the company traded hands, compared to its average volume of 16,290. 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 $148.83 million, a PE ratio of 27.81 and a beta of 0.43. The stock’s 50 day moving average price is $16.58 and its 200-day moving average price is $17.36. FitLife Brands has a 52 week low of $9.83 and a 52 week high of $20.98.

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.