Fluent, Inc. (NASDAQ:FLNT) Sees Large Growth in Short Interest

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 28,800 shares, a growth of 7.5% from the July 31st total of 26,800 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 16,200 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on FLNT shares. Canaccord Genuity Group cut their price objective on Fluent from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. StockNews.com started coverage on shares of Fluent in a report on Tuesday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLNT. Simplicity Wealth LLC bought a new position in shares of Fluent during the 1st quarter worth $90,000. JB Capital Partners LP lifted its stake in Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after acquiring an additional 150,150 shares during the period. Victory Capital Management Inc. bought a new position in Fluent during the 4th quarter worth about $71,000. Empowered Funds LLC increased its position in Fluent by 8.2% during the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares during the period. Finally, Salvus Wealth Management LLC raised its holdings in shares of Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock valued at $55,000 after purchasing an additional 4,585 shares in the last quarter. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Stock Performance

Fluent stock opened at $2.75 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $46.39 million, a PE ratio of -0.93 and a beta of 2.31. The company has a 50 day moving average price of $3.19 and a 200-day moving average price of $3.24. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.78.

About Fluent

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.