Short Interest in FitLife Brands Inc. (NASDAQ:FTLF) Expands By 37.1%

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 19,200 shares, an increase of 37.1% from the May 15th total of 14,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 1.0 days.

FitLife Brands Trading Down 2.3%

Shares of FTLF stock traded down $0.31 during trading hours on Friday, hitting $13.32. 8,451 shares of the company's stock traded hands, compared to its average volume of 17,487. The stock has a market cap of $125.07 million, a PE ratio of 15.86 and a beta of 0.81. The stock's 50 day simple moving average is $14.24 and its 200 day simple moving average is $14.64. The company has a quick ratio of 0.72, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. 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 earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). FitLife Brands had a return on equity of 25.59% and a net margin of 13.85%. On average, sell-side analysts anticipate that FitLife Brands will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on FTLF. Wall Street Zen downgraded FitLife Brands from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Lake Street Capital initiated coverage on FitLife Brands in a research note on Monday, March 17th. They set a "buy" rating and a $21.00 price target on the stock.

Insider Buying and Selling

In related news, Director Matthew Lingenbrink bought 3,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $12.17 per share, with a total value of $36,510.00. Following the completion of the purchase, the director now owns 5,800 shares in the company, valued at $70,586. This represents a 107.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 61.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FitLife Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp acquired a new position in shares of FitLife Brands in the 4th quarter worth approximately $409,000. Mink Brook Asset Management LLC bought a new position in FitLife Brands during the fourth quarter worth $1,251,000. Bard Associates Inc. lifted its holdings in FitLife Brands by 239.5% in the first quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock valued at $266,000 after buying an additional 15,506 shares during the period. 683 Capital Management LLC acquired a new position in FitLife Brands in the fourth quarter valued at $384,000. Finally, Geode Capital Management LLC boosted its position in FitLife Brands by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after acquiring an additional 1,045 shares during the last quarter. 2.32% of the stock is owned by institutional investors and hedge funds.

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.