Mannatech, Incorporated (NASDAQ:MTEX) Sees Large Increase in Short Interest

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 15,300 shares, a growth of 20.5% from the January 31st total of 12,700 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.4 days. Approximately 1.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Mannatech in a research note on Sunday, March 2nd. They set a “buy” rating on the stock.

Mannatech Stock Performance

MTEX stock opened at $11.56 on Friday. The stock’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $9.76. Mannatech has a 12-month low of $6.75 and a 12-month high of $16.49. The firm has a market cap of $21.78 million, a P/E ratio of -14.27 and a beta of 1.06. The company has a current ratio of 1.25, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44.

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.