Short Interest in Mannatech, Incorporated (NASDAQ:MTEX) Declines By 27.2%

Mannatech, Incorporated (NASDAQ:MTEX) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 17,947 shares, a decline of 27.2% from the December 31st total of 24,659 shares. Based on an average trading volume of 48,014 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 48,014 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mannatech in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Mannatech Trading Down 0.8%

MTEX opened at $7.45 on Friday. The stock’s fifty day moving average is $8.37 and its two-hundred day moving average is $8.70. The company has a market capitalization of $14.16 million, a P/E ratio of -8.66 and a beta of 0.79. Mannatech has a 52 week low of $6.90 and a 52 week high of $13.25. The company has a quick ratio of 0.56, a current ratio of 1.13 and a debt-to-equity ratio of 0.48.

Mannatech (NASDAQ:MTEX) last issued its earnings results on Wednesday, November 12th. The company reported $1.01 earnings per share for the quarter. The business had revenue of $29.16 million during the quarter. Mannatech had a negative return on equity of 22.75% and a negative net margin of 1.50%.

Mannatech Company Profile

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.