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

FitLife Brands Inc. (NASDAQ:FTLF) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 77,613 shares, a growth of 36.7% from the January 15th total of 56,773 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 10,127 shares, the short-interest ratio is currently 7.7 days. Based on an average daily volume of 10,127 shares, the short-interest ratio is currently 7.7 days. Approximately 2.1% of the company’s stock are short sold.

FitLife Brands Stock Up 0.8%

NASDAQ FTLF traded up $0.11 during trading on Friday, hitting $14.23. 25,485 shares of the company traded hands, compared to its average volume of 12,245. The business has a fifty day simple moving average of $16.07 and a 200 day simple moving average of $17.43. 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 capitalization of $133.63 million, a P/E ratio of 24.96 and a beta of 0.43.

Analyst Ratings Changes

A number of brokerages recently commented on FTLF. Zacks Research downgraded shares of FitLife Brands from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Trading of FitLife Brands

Several hedge funds have recently added to or reduced their stakes in FTLF. Bard Associates Inc. increased its position in FitLife Brands by 3.5% in the 3rd quarter. Bard Associates Inc. now owns 16,701 shares of the company’s stock worth $332,000 after buying an additional 561 shares during the period. Rhumbline Advisers grew its stake 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 acquiring an additional 642 shares during the last quarter. Geode Capital Management LLC increased its position in FitLife Brands by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 92,689 shares of the company’s stock worth $1,508,000 after acquiring an additional 991 shares during the period. Steward Partners Investment Advisory LLC increased its position in FitLife Brands by 107.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock worth $57,000 after acquiring an additional 1,803 shares during the period. Finally, Wells Fargo & Company MN raised its stake in FitLife Brands by 78.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock valued at $69,000 after purchasing an additional 1,871 shares during the last quarter. Institutional investors own 2.32% of the company’s stock.

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.