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

FitLife Brands, Inc. (NASDAQ:FTLF) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 15,500 shares, a decrease of 32.6% from the February 28th total of 23,000 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On FitLife Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC bought a new position in shares of FitLife Brands during the 3rd quarter worth approximately $91,000. Bard Associates Inc. acquired a new position in FitLife Brands during the fourth quarter worth $211,000. 683 Capital Management LLC bought a new stake in FitLife Brands during the 4th quarter worth about $384,000. Northern Trust Corp acquired a new position in shares of FitLife Brands during the 4th quarter worth about $409,000. Finally, Geode Capital Management LLC boosted its stake in shares of FitLife Brands by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company’s stock worth $726,000 after buying an additional 1,144 shares during the last quarter. Institutional investors and hedge funds own 2.32% of the company’s stock.

FitLife Brands Stock Down 4.0 %

NASDAQ FTLF traded down $0.51 during trading hours on Monday, reaching $12.10. 50,165 shares of the company’s stock were exchanged, compared to its average volume of 17,431. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50. The company has a market capitalization of $111.44 million, a price-to-earnings ratio of 14.32 and a beta of 0.95. The company’s 50-day moving average is $14.81 and its two-hundred day moving average is $15.70. FitLife Brands has a one year low of $11.51 and a one year high of $17.75.

FitLife Brands (NASDAQ:FTLF) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. On average, analysts forecast that FitLife Brands will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Lake Street Capital began coverage on shares of FitLife Brands in a research report on Monday, March 17th. They issued a “buy” rating and a $21.00 price objective for the company.

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.