Short Interest in FitLife Brands, Inc. (NASDAQ:FTLF) Drops By 32.6%

FitLife Brands, Inc. (NASDAQ:FTLF) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 15,500 shares, a drop of 32.6% from the February 28th total of 23,000 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are sold short.

FitLife Brands Price Performance

NASDAQ FTLF opened at $12.61 on Friday. The stock has a market capitalization of $116.14 million, a price-to-earnings ratio of 14.92 and a beta of 0.95. FitLife Brands has a 1-year low of $11.51 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64. The business’s fifty day moving average price is $14.81 and its 200-day moving average price is $15.70.

FitLife Brands (NASDAQ:FTLF) last posted its earnings results on Thursday, March 27th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. On average, equities analysts predict that FitLife Brands will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Separately, Lake Street Capital began coverage on shares of FitLife Brands in a research note on Monday, March 17th. They issued a “buy” rating and a $21.00 price target for the company.

Institutional Trading of FitLife Brands

Several large investors have recently added to or reduced their stakes in FTLF. Geode Capital Management LLC raised its position in FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock worth $757,000 after acquiring an additional 1,045 shares during the period. Barclays PLC bought a new position in FitLife Brands in the 3rd quarter worth $91,000. Bard Associates Inc. purchased a new position in FitLife Brands during the fourth quarter valued at $211,000. 683 Capital Management LLC bought a new stake in FitLife Brands during the fourth quarter valued at about $384,000. Finally, Northern Trust Corp purchased a new stake in FitLife Brands in the fourth quarter worth about $409,000. 2.32% of the stock is currently owned by institutional investors.

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.