Fluent, Inc. (NASDAQ:FLNT) Sees Large Growth in Short Interest

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 109,364 shares, a growth of 22.5% from the January 15th total of 89,298 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 58,047 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 58,047 shares, the short-interest ratio is currently 1.9 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FLNT. Susquehanna International Group LLP lifted its position in shares of Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock worth $89,000 after purchasing an additional 15,777 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares during the period. Finally, Mink Brook Asset Management LLC bought a new position in Fluent in the third quarter worth approximately $634,000. Institutional investors own 23.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Fluent Stock Performance

Fluent stock opened at $3.06 on Wednesday. The company’s 50-day moving average price is $2.97 and its 200-day moving average price is $2.41. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $90.70 million, a PE ratio of -2.66 and a beta of 0.95. Fluent has a twelve month low of $1.50 and a twelve month high of $4.00.

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.