Fluent, Inc. (NASDAQ:FLNT – Get Free Report) 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.
Read Our Latest Report on FLNT
Institutional Inflows and Outflows
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.
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