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

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FTLF. Wall Street Zen cut shares of FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Lake Street Capital initiated coverage on FitLife Brands in a research report on Monday, March 17th. They issued a "buy" rating and a $21.00 target price for the company.

FitLife Brands Stock Down 3.2%

Shares of FTLF traded down $0.47 during midday trading on Tuesday, hitting $14.34. The company had a trading volume of 7,636 shares, compared to its average volume of 17,867. The stock has a market cap of $134.67 million, a price-to-earnings ratio of 16.97 and a beta of 0.90. The company's 50 day moving average price is $13.63 and its 200 day moving average price is $14.83. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 0.28. FitLife Brands has a 52 week low of $9.83 and a 52 week high of $17.75.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. On average, equities research analysts predict that FitLife Brands will post 0.94 EPS for the current year.

Insider Buying and Selling

In related news, Director Matthew Lingenbrink purchased 2,800 shares of the business's stock in a transaction on Monday, March 31st. The shares were bought at an average price of $12.17 per share, with a total value of $34,076.00. Following the completion of the purchase, the director now directly owns 2,800 shares in the company, valued at approximately $34,076. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 61.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTLF. Bard Associates Inc. bought a new position in FitLife Brands during the 4th quarter valued at $211,000. 683 Capital Management LLC acquired a new position in FitLife Brands during the 4th quarter worth $384,000. Northern Trust Corp bought a new position in FitLife Brands during the fourth quarter worth $409,000. Geode Capital Management LLC grew its holdings in shares of FitLife Brands by 4.7% during the 4th 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 in the last quarter. Finally, Mink Brook Asset Management LLC raised its holdings in shares of FitLife Brands by 100.0% in the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company's stock worth $929,000 after buying an additional 38,383 shares in the last quarter. 2.32% of the stock is currently owned by institutional investors.

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.