FitLife Brands, Inc. (NASDAQ:FTLF) Sees Large Increase in Short Interest

FitLife Brands, Inc. (NASDAQ:FTLF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,300 shares, a growth of 10.7% from the October 31st total of 7,500 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 0.8 days.

FitLife Brands Trading Down 1.1 %

FTLF stock traded down $0.38 during trading on Monday, hitting $33.35. The company had a trading volume of 9,345 shares, compared to its average volume of 7,753. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $153.34 million, a P/E ratio of 19.73 and a beta of 1.01. The company has a 50 day simple moving average of $32.43 and a 200-day simple moving average of $31.87. FitLife Brands has a 52-week low of $18.87 and a 52-week high of $35.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FitLife Brands stock. Barclays PLC bought a new stake in shares of FitLife Brands, Inc. (NASDAQ:FTLF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,785 shares of the company’s stock, valued at approximately $91,000. Barclays PLC owned 0.06% of FitLife Brands as of its most recent filing with the Securities and Exchange Commission. 2.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FTLF has been the topic of several recent analyst reports. Roth Mkm initiated coverage on shares of FitLife Brands in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $40.00 price target on the stock. Roth Capital raised shares of FitLife Brands to a “strong-buy” rating in a research note on Tuesday, September 3rd.

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.