Short Interest in Smart for Life, Inc. (NASDAQ:SMFL) Increases By 96.9%

Smart for Life, Inc. (NASDAQ:SMFL) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 140,000 shares, an increase of 96.9% from the August 15th total of 71,100 shares. Based on an average daily trading volume, of 2,540,000 shares, the days-to-cover ratio is presently 0.1 days.

Smart for Life Stock Performance

Shares of SMFL stock traded down $0.05 during trading hours on Friday, hitting $1.16. 4,717,004 shares of the company were exchanged, compared to its average volume of 2,045,020. The firm has a market cap of $127,600.00, a P/E ratio of 0.00 and a beta of 0.98. Smart for Life has a fifty-two week low of $0.78 and a fifty-two week high of $39.20. The company has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $3.19.

Institutional Investors Weigh In On Smart for Life

An institutional investor recently bought a new position in Smart for Life stock. Wealthspire Advisors LLC bought a new stake in Smart for Life, Inc. (NASDAQ:SMFL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,731 shares of the company’s stock, valued at approximately $61,000. Wealthspire Advisors LLC owned approximately 18.85% of Smart for Life at the end of the most recent reporting period. Institutional investors own 28.39% of the company’s stock.

About Smart for Life

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.