FitLife Brands Inc. (NASDAQ:FTLF) Short Interest Update

FitLife Brands Inc. (NASDAQ:FTLF) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 91,300 shares, a decrease of 52.6% from the June 15th total of 192,562 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 65,343 shares, the short-interest ratio is currently 1.4 days.

FitLife Brands Price Performance

Shares of NASDAQ FTLF traded up $0.10 during midday trading on Thursday, hitting $11.16. The company had a trading volume of 6,044 shares, compared to its average volume of 27,626. The company has a quick ratio of 0.49, a current ratio of 1.52 and a debt-to-equity ratio of 0.78. FitLife Brands has a twelve month low of $8.67 and a twelve month high of $20.98. The business has a 50-day simple moving average of $10.61 and a two-hundred day simple moving average of $12.57. The firm has a market capitalization of $104.80 million, a price-to-earnings ratio of 18.48 and a beta of 0.01.

FitLife Brands (NASDAQ:FTLF) last issued its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. FitLife Brands had a net margin of 6.64% and a return on equity of 18.31%. The company had revenue of $25.32 million for the quarter. Equities research analysts anticipate that FitLife Brands will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On FitLife Brands

Several institutional investors have recently modified their holdings of FTLF. Steward Partners Investment Advisory LLC increased its stake in FitLife Brands by 107.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after purchasing an additional 1,803 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in FitLife Brands during the fourth quarter worth $263,000. Los Angeles Capital Management LLC purchased a new stake in FitLife Brands during the fourth quarter worth $61,000. JPMorgan Chase & Co. grew its holdings in FitLife Brands by 107.0% in the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock valued at $76,000 after purchasing an additional 1,974 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in FitLife Brands by 12.3% in the third quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock valued at $117,000 after purchasing an additional 642 shares during the last quarter. Hedge funds and other institutional investors own 2.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FTLF. Weiss Ratings cut FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Lake Street Capital reduced their price target on FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Zacks Research upgraded FitLife Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, FitLife Brands presently has an average rating of “Moderate Buy” and an average target price of $21.50.

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.