FitLife Brands, Inc. (NASDAQ:FTLF) Short Interest Up 10.4% in December

FitLife Brands, Inc. (NASDAQ:FTLF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, a growth of 10.4% from the November 30th total of 10,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of FitLife Brands

A hedge fund recently raised its stake in FitLife Brands stock. Geode Capital Management LLC boosted its stake in shares of FitLife Brands, Inc. (NASDAQ:FTLF) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,157 shares of the company’s stock after buying an additional 1,144 shares during the quarter. Geode Capital Management LLC owned approximately 0.48% of FitLife Brands worth $726,000 as of its most recent SEC filing. 2.32% of the stock is owned by hedge funds and other institutional investors.

FitLife Brands Trading Down 1.9 %

FTLF stock traded down $0.63 during mid-day trading on Wednesday, reaching $32.60. 6,083 shares of the stock traded hands, compared to its average volume of 7,812. FitLife Brands has a one year low of $19.00 and a one year high of $35.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50. The business has a 50-day moving average price of $32.52 and a two-hundred day moving average price of $32.30. The stock has a market capitalization of $149.89 million, a PE ratio of 19.29 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FTLF. Roth Capital raised shares of FitLife Brands to a “strong-buy” rating in a report on Tuesday, September 3rd. Roth Mkm assumed coverage on shares of FitLife Brands in a report on Tuesday, September 3rd. They issued a “buy” rating and a $40.00 price target for the company.

About FitLife Brands

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.