Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 55,800 shares, an increase of 90.4% from the February 28th total of 29,300 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 3.9 days. Currently, 0.6% of the shares of the stock are sold short.

Fluent Price Performance

FLNT stock traded down $0.05 during midday trading on Friday, reaching $2.21. The stock had a trading volume of 6,864 shares, compared to its average volume of 21,019. Fluent has a 52-week low of $2.01 and a 52-week high of $4.30. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.81. The company has a market cap of $37.30 million, a price-to-earnings ratio of -1.23 and a beta of 2.30.

Fluent (NASDAQ:FLNT) last issued its earnings results on Friday, February 28th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.09. The business had revenue of $65.41 million for the quarter, compared to analysts’ expectations of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. As a group, sell-side analysts predict that Fluent will post -1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluent

Hedge funds have recently modified their holdings of the company. Intelligence Driven Advisers LLC purchased a new stake in shares of Fluent in the 4th quarter valued at approximately $66,000. CacheTech Inc. acquired a new stake in Fluent during the fourth quarter worth $76,000. Geode Capital Management LLC lifted its stake in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after purchasing an additional 19,238 shares during the last quarter. 4WEALTH Advisors Inc. acquired a new position in shares of Fluent in the 4th quarter valued at $576,000. Finally, Tieton Capital Management LLC grew its holdings in shares of Fluent by 25.7% during the 4th quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after purchasing an additional 216,877 shares during the period. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Wall Street Analysts Forecast Growth

FLNT has been the subject of several research analyst reports. StockNews.com began coverage on Fluent in a research note on Sunday, March 23rd. They set a “hold” rating for the company. Canaccord Genuity Group set a $3.50 target price on shares of Fluent and gave the stock a “hold” rating in a research note on Friday, February 28th.

About Fluent

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.