FitLife Brands, Inc. (NASDAQ:FTLF) Sees Large Decline in Short Interest

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 14,000 shares, a decline of 32.0% from the April 30th total of 20,600 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is currently 0.8 days.

Insider Buying and Selling

In other FitLife Brands news, Director Matthew Lingenbrink acquired 3,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of $12.17 per share, for a total transaction of $36,510.00. Following the transaction, the director now directly owns 5,800 shares of the company's stock, valued at approximately $70,586. This represents a 107.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 61.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bard Associates Inc. acquired a new stake in shares of FitLife Brands during the fourth quarter worth approximately $211,000. 683 Capital Management LLC acquired a new position in shares of FitLife Brands during the fourth quarter valued at $384,000. Northern Trust Corp acquired a new position in shares of FitLife Brands during the fourth quarter worth approximately $409,000. Geode Capital Management LLC lifted its holdings in FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock worth $757,000 after purchasing an additional 1,045 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new stake in FitLife Brands in the fourth quarter worth about $1,251,000. Institutional investors and hedge funds own 2.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FTLF shares. Lake Street Capital started coverage on shares of FitLife Brands in a research report on Monday, March 17th. They issued a "buy" rating and a $21.00 price objective on the stock. Wall Street Zen lowered shares of FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

FitLife Brands Trading Down 0.1%

NASDAQ:FTLF traded down $0.02 on Thursday, reaching $14.45. The stock had a trading volume of 3,401 shares, compared to its average volume of 17,746. The company has a market cap of $135.65 million, a price-to-earnings ratio of 17.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64. The firm's fifty day moving average is $13.70 and its two-hundred day moving average is $14.83. FitLife Brands has a 12-month low of $9.83 and a 12-month high of $17.75.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. Equities analysts expect that FitLife Brands will post 0.94 EPS for the current fiscal year.

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.