Mannatech, Incorporated (NASDAQ:MTEX) Short Interest Down 18.1% in February

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 12,610 shares, a drop of 18.1% from the February 12th total of 15,393 shares. Based on an average daily trading volume, of 2,059 shares, the short-interest ratio is currently 6.1 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,059 shares, the short-interest ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mannatech in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Mannatech Price Performance

Shares of MTEX opened at $6.26 on Wednesday. Mannatech has a 52-week low of $6.16 and a 52-week high of $12.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.13. The business’s 50 day moving average price is $7.27 and its two-hundred day moving average price is $8.37. The firm has a market cap of $11.89 million, a PE ratio of -7.28 and a beta of 0.81.

About Mannatech

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.