Mannatech, Incorporated (NASDAQ:MTEX – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 400 shares, a drop of 20.0% from the June 30th total of 500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Mannatech in a report on Monday. They issued a “buy” rating on the stock.
Read Our Latest Report on MTEX
Mannatech Price Performance
Mannatech (NASDAQ:MTEX – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.63 earnings per share for the quarter. Mannatech had a negative return on equity of 15.37% and a negative net margin of 1.31%. The firm had revenue of $29.39 million for the quarter.
Mannatech Company Profile
Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.
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