Herbalife Nutrition Ltd (NYSE:HLF) Sees Large Decrease in Short Interest

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Herbalife Nutrition Ltd (NYSE:HLF) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 5,600,000 shares, a decline of 7.7% from the September 30th total of 6,070,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 4.5 days.

HLF traded down $0.04 on Monday, hitting $44.09. 347,120 shares of the company traded hands, compared to its average volume of 1,641,963. The company has a 50 day moving average of $41.06 and a 200-day moving average of $41.27. The stock has a market capitalization of $6.42 billion, a PE ratio of 15.31 and a beta of 0.47. Herbalife Nutrition has a 12-month low of $33.62 and a 12-month high of $61.77.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.09. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Herbalife Nutrition had a negative return on equity of 65.44% and a net margin of 6.26%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. Equities analysts expect that Herbalife Nutrition will post 2.66 EPS for the current fiscal year.

Several analysts have recently weighed in on HLF shares. Zacks Investment Research raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Pivotal Research reissued a “buy” rating and issued a $65.00 target price (down from $75.00) on shares of Herbalife Nutrition in a report on Friday, August 2nd. ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Herbalife Nutrition from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Pi Financial raised Herbalife Nutrition from a “neutral” rating to a “buy” rating and boosted their target price for the company from $8.75 to $12.75 in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.13.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in Herbalife Nutrition by 152.5% during the 3rd quarter. Parallel Advisors LLC now owns 712 shares of the company’s stock worth $27,000 after purchasing an additional 430 shares during the period. Doyle Wealth Management acquired a new position in Herbalife Nutrition during the 2nd quarter worth approximately $37,000. Gables Capital Management Inc. acquired a new position in Herbalife Nutrition during the 3rd quarter worth approximately $76,000. SG Americas Securities LLC increased its position in Herbalife Nutrition by 16.7% during the 2nd quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock worth $129,000 after purchasing an additional 430 shares during the period. Finally, Phocas Financial Corp. acquired a new position in Herbalife Nutrition during the 2nd quarter worth approximately $133,000. 88.79% of the stock is owned by hedge funds and other institutional investors.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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