FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Down 52.6% in June

FitLife Brands Inc. (NASDAQ:FTLF) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 91,300 shares, a drop of 52.6% from the June 15th total of 192,562 shares. Based on an average daily trading volume, of 65,343 shares, the short-interest ratio is presently 1.4 days. Approximately 2.5% of the company’s stock are sold short.

FitLife Brands Stock Down 0.5%

FitLife Brands stock traded down $0.05 during trading on Wednesday, reaching $11.06. The stock had a trading volume of 7,427 shares, compared to its average volume of 27,788. The company has a quick ratio of 0.49, a current ratio of 1.52 and a debt-to-equity ratio of 0.78. FitLife Brands has a 52-week low of $8.67 and a 52-week high of $20.98. The stock has a market cap of $103.85 million, a PE ratio of 18.31 and a beta of 0.01. The business has a 50 day moving average price of $10.58 and a 200 day moving average price of $12.61.

FitLife Brands (NASDAQ:FTLF) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. FitLife Brands had a net margin of 6.64% and a return on equity of 18.31%. The company had revenue of $25.32 million for the quarter. On average, analysts predict that FitLife Brands will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

FTLF has been the topic of several analyst reports. Zacks Research cut FitLife Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Lake Street Capital lowered their target price on FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings downgraded FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.50.

Hedge Funds Weigh In On FitLife Brands

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FitLife Brands in the second quarter valued at $28,000. Bank of America Corp DE increased its holdings in shares of FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after acquiring an additional 2,153 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of FitLife Brands by 107.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after acquiring an additional 1,803 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of FitLife Brands in the 4th quarter valued at about $61,000. Finally, JPMorgan Chase & Co. raised its position in shares of FitLife Brands by 107.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock worth $76,000 after acquiring an additional 1,974 shares in the last quarter. Hedge funds and other institutional investors own 2.32% of the company’s stock.

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.