Mannatech, Incorporated (NASDAQ:MTEX) Sees Significant Growth in Short Interest

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 15,300 shares, a growth of 20.5% from the January 31st total of 12,700 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.7% of the company’s stock are sold short.

Mannatech Stock Down 3.3 %

Shares of NASDAQ:MTEX traded down $0.38 during midday trading on Thursday, hitting $11.22. 617 shares of the stock were exchanged, compared to its average volume of 5,380. The company has a market capitalization of $21.15 million, a PE ratio of -13.85 and a beta of 1.06. Mannatech has a 52-week low of $6.75 and a 52-week high of $16.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25. The business’s fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $9.76.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Mannatech in a research note on Sunday. They issued a “buy” rating on the stock.

Mannatech Company Profile

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.