Herbalife Ltd (NYSE:HLF) Short Interest Update

Herbalife Ltd (NYSE:HLF) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 7,315,855 shares, a drop of 14.8% from the February 12th total of 8,583,338 shares. Based on an average daily trading volume, of 2,561,878 shares, the short-interest ratio is currently 2.9 days. Currently, 7.2% of the shares of the company are short sold. Currently, 7.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,561,878 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

HLF has been the topic of a number of recent analyst reports. Mizuho set a $13.00 target price on Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Citigroup reaffirmed a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a report on Thursday, January 22nd. Argus set a $15.00 price objective on shares of Herbalife in a research report on Wednesday, November 26th. Finally, Zacks Research raised shares of Herbalife from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.60.

Herbalife Stock Down 2.5%

Shares of NYSE:HLF traded down $0.39 during trading on Wednesday, reaching $15.16. 306,949 shares of the company traded hands, compared to its average volume of 1,678,154. The firm has a market capitalization of $1.57 billion, a PE ratio of 6.89, a PEG ratio of 0.91 and a beta of 0.83. Herbalife has a 52 week low of $6.20 and a 52 week high of $20.40. The company’s 50 day moving average is $16.83 and its two-hundred day moving average is $12.71.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, February 18th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Herbalife had a net margin of 4.53% and a negative return on equity of 35.02%. During the same period in the prior year, the business earned $0.36 earnings per share. Herbalife’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Herbalife will post 1.57 EPS for the current year.

Institutional Trading of Herbalife

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Herbalife during the 4th quarter worth approximately $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Herbalife during the 3rd quarter valued at $35,000. GAMMA Investing LLC lifted its position in shares of Herbalife by 115.6% during the 3rd quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after acquiring an additional 3,766 shares during the period. Advisory Services Network LLC bought a new position in Herbalife during the third quarter worth $65,000. Finally, Quarry LP grew its holdings in Herbalife by 49,105.3% in the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after purchasing an additional 9,330 shares during the period.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.