Short Interest in Fluent, Inc. (NASDAQ:FLNT) Declines By 34.3%

Fluent, Inc. (NASDAQ:FLNT) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 112,053 shares, a decrease of 34.3% from the November 30th total of 170,457 shares. Based on an average daily volume of 30,504 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 30,504 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on shares of Fluent from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fluent has a consensus rating of “Hold” and a consensus price target of $2.50.

Fluent Stock Performance

NASDAQ FLNT traded down $0.05 on Tuesday, hitting $2.49. 12,948 shares of the company’s stock traded hands, compared to its average volume of 187,584. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. Fluent has a 1-year low of $1.50 and a 1-year high of $3.12. The firm’s 50-day moving average price is $2.06 and its two-hundred day moving average price is $2.12. The firm has a market capitalization of $75.45 million, a PE ratio of -2.17 and a beta of 1.09.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $64.52 million during the quarter. Fluent had a negative return on equity of 109.15% and a negative net margin of 12.47%. As a group, analysts expect that Fluent will post -1.82 EPS for the current year.

Institutional Trading of Fluent

An institutional investor recently raised its position in Fluent stock. Susquehanna International Group LLP grew its position in Fluent, Inc. (NASDAQ:FLNT) by 65.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,947 shares of the company’s stock after acquiring an additional 15,777 shares during the period. Susquehanna International Group LLP owned about 0.14% of Fluent worth $89,000 at the end of the most recent quarter. Institutional investors and hedge funds own 23.33% of the company’s stock.

About Fluent

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.