FitLife Brands, Inc. (NASDAQ:FTLF) Short Interest Down 32.6% in March

FitLife Brands, Inc. (NASDAQ:FTLF) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 15,500 shares, a decline of 32.6% from the February 28th total of 23,000 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Lake Street Capital started coverage on FitLife Brands in a report on Monday, March 17th. They issued a “buy” rating and a $21.00 price objective for the company.

FitLife Brands Stock Down 4.0 %

Shares of FitLife Brands stock opened at $12.10 on Tuesday. The company’s fifty day simple moving average is $14.72 and its two-hundred day simple moving average is $15.66. The company has a market cap of $111.44 million, a P/E ratio of 14.32 and a beta of 0.95. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. FitLife Brands has a 12-month low of $11.51 and a 12-month high of $17.75.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. Research analysts anticipate that FitLife Brands will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FTLF. Barclays PLC purchased a new stake in FitLife Brands in the third quarter worth $91,000. Bard Associates Inc. bought a new stake in shares of FitLife Brands during the 4th quarter valued at $211,000. 683 Capital Management LLC purchased a new stake in shares of FitLife Brands in the 4th quarter worth about $384,000. Northern Trust Corp bought a new position in shares of FitLife Brands in the 4th quarter worth about $409,000. Finally, Geode Capital Management LLC lifted its position in FitLife Brands by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company’s stock valued at $726,000 after acquiring an additional 1,144 shares during the period. Hedge funds and other institutional investors own 2.32% of the company’s stock.

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.