FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Down 52.6% in June

FitLife Brands Inc. (NASDAQ:FTLF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 91,300 shares, a decrease of 52.6% from the June 15th total of 192,562 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 65,343 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bard Associates Inc. increased its stake in FitLife Brands by 5.3% in the 4th quarter. Bard Associates Inc. now owns 17,594 shares of the company’s stock valued at $286,000 after buying an additional 893 shares during the last quarter. Stifel Financial Corp purchased a new position in FitLife Brands in the fourth quarter worth $657,000. Wells Fargo & Company MN grew its stake in FitLife Brands by 78.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock valued at $69,000 after purchasing an additional 1,871 shares during the period. Steward Partners Investment Advisory LLC grew its stake in FitLife Brands by 107.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after purchasing an additional 1,803 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of FitLife Brands during the 4th quarter worth $263,000. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Lake Street Capital reduced their price objective on FitLife Brands from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Zacks Research cut shares of FitLife Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings downgraded FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.50.

FitLife Brands Price Performance

Shares of NASDAQ FTLF opened at $11.19 on Tuesday. The stock has a market cap of $105.07 million, a price-to-earnings ratio of 18.53 and a beta of 0.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 1.52. FitLife Brands has a fifty-two week low of $8.67 and a fifty-two week high of $20.98. The firm’s 50-day simple moving average is $10.54 and its 200 day simple moving average is $12.64.

FitLife Brands (NASDAQ:FTLF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $25.32 million for the quarter. FitLife Brands had a net margin of 6.64% and a return on equity of 18.31%. As a group, research analysts anticipate that FitLife Brands will post 0.83 earnings per share for the current fiscal year.

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.