FitLife Brands, Inc. (NASDAQ:FTLF) Sees Significant Growth in Short Interest

FitLife Brands, Inc. (NASDAQ:FTLF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 9,300 shares, a growth of 38.8% from the August 31st total of 6,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,700 shares, the short-interest ratio is presently 1.6 days.

FitLife Brands Stock Performance

FitLife Brands stock traded up $0.15 during mid-day trading on Friday, reaching $33.23. 7,711 shares of the company’s stock were exchanged, compared to its average volume of 6,550. The firm has a market capitalization of $152.79 million, a PE ratio of 22.45 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $32.32 and its 200 day simple moving average is $30.03. FitLife Brands has a one year low of $17.50 and a one year high of $35.00.

FitLife Brands (NASDAQ:FTLF) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $16.93 million for the quarter. FitLife Brands had a net margin of 13.12% and a return on equity of 28.06%. On average, sell-side analysts expect that FitLife Brands will post 1.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FTLF shares. Roth Mkm assumed coverage on FitLife Brands in a research report on Tuesday, September 3rd. They set a “buy” rating and a $40.00 target price on the stock. Roth Capital upgraded shares of FitLife Brands to a “strong-buy” rating in a research note on Tuesday, September 3rd.

FitLife Brands Company Profile

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.