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

FitLife Brands Inc. (NASDAQ:FTLF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 77,613 shares, a growth of 36.7% from the January 15th total of 56,773 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 10,127 shares, the short-interest ratio is presently 7.7 days. Based on an average daily volume of 10,127 shares, the short-interest ratio is presently 7.7 days. Approximately 2.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

FTLF has been the topic of several research reports. Zacks Research cut shares of FitLife Brands from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Trading of FitLife Brands

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of FitLife Brands by 101.4% in the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after purchasing an additional 45,690 shares in the last quarter. New York State Common Retirement Fund acquired a new position in FitLife Brands during the second quarter valued at $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in FitLife Brands during the second quarter valued at $28,000. Bank of America Corp DE lifted its stake in FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock worth $28,000 after acquiring an additional 2,153 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in FitLife Brands by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock worth $57,000 after acquiring an additional 2,400 shares during the period. 2.32% of the stock is owned by institutional investors and hedge funds.

FitLife Brands Trading Up 0.8%

FTLF stock traded up $0.11 during mid-day trading on Friday, reaching $14.23. 25,485 shares of the stock traded hands, compared to its average volume of 12,245. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 0.77. FitLife Brands has a 52-week low of $9.83 and a 52-week high of $20.98. The company has a market cap of $133.63 million, a P/E ratio of 24.96 and a beta of 0.43. The stock’s fifty day moving average is $16.07 and its 200-day moving average is $17.43.

About FitLife Brands

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.