Short Interest in Mannatech, Incorporated (NASDAQ:MTEX) Decreases By 18.1%

Mannatech, Incorporated (NASDAQ:MTEX) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 12,700 shares, a drop of 18.1% from the January 15th total of 15,500 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the shares of the stock are short sold.

Mannatech Stock Performance

NASDAQ MTEX opened at $11.80 on Friday. The company has a 50 day moving average of $12.31 and a 200-day moving average of $9.37. The company has a quick ratio of 0.74, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Mannatech has a 1-year low of $6.75 and a 1-year high of $16.49.

Mannatech (NASDAQ:MTEX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.17) earnings per share for the quarter. The firm had revenue of $31.73 million for the quarter. Mannatech had a negative return on equity of 15.62% and a negative net margin of 1.26%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Mannatech in a report on Friday. They set a “buy” rating for the company.

About Mannatech

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.