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

FitLife Brands Inc. (NASDAQ:FTLF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 69,043 shares, a drop of 12.7% from the February 12th total of 79,116 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 13,635 shares, the short-interest ratio is currently 5.1 days. Based on an average daily volume of 13,635 shares, the short-interest ratio is currently 5.1 days. Approximately 1.9% of the company’s stock are short sold.

FitLife Brands Stock Down 2.1%

Shares of FTLF stock traded down $0.29 during trading hours on Tuesday, hitting $13.77. 5,928 shares of the company were exchanged, compared to its average volume of 16,034. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.46 and a current ratio of 1.13. FitLife Brands has a one year low of $9.83 and a one year high of $20.98. The business’s 50-day simple moving average is $15.25 and its two-hundred day simple moving average is $17.28. The stock has a market capitalization of $129.30 million, a price-to-earnings ratio of 24.16 and a beta of 0.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

Institutional Investors Weigh In On FitLife Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after purchasing an additional 45,690 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of FitLife Brands during the fourth quarter worth $657,000. UBS Group AG lifted its position in shares of FitLife Brands by 592.7% in the 3rd quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after buying an additional 30,402 shares during the last quarter. Townsend & Associates Inc bought a new position in shares of FitLife Brands in the 4th quarter worth about $260,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of FitLife Brands in the 4th quarter valued at about $263,000. 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.