FitLife Brands, Inc. (NASDAQ:FTLF – Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 24,600 shares, a growth of 20.0% from the January 31st total of 20,500 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On FitLife Brands
A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new position in FitLife Brands in the 3rd quarter valued at approximately $91,000. Bard Associates Inc. acquired a new position in shares of FitLife Brands during the fourth quarter worth $211,000. 683 Capital Management LLC purchased a new position in FitLife Brands in the fourth quarter valued at $384,000. Northern Trust Corp acquired a new stake in FitLife Brands in the fourth quarter valued at $409,000. Finally, Geode Capital Management LLC raised its stake in FitLife Brands by 5.4% in the third quarter. Geode Capital Management LLC now owns 22,157 shares of the company’s stock valued at $726,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 2.32% of the company’s stock.
FitLife Brands Stock Performance
NASDAQ:FTLF opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50. The stock has a market capitalization of $136.77 million, a P/E ratio of 17.57 and a beta of 0.95. The company has a 50 day moving average price of $15.46 and a 200 day moving average price of $16.01. FitLife Brands has a fifty-two week low of $10.60 and a fifty-two week high of $17.75.
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.
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