Fluent, Inc. (NASDAQ:FLNT) Sees Large Decline in Short Interest

Key Points

• Fluent, Inc. experienced a 24.8% decrease in short interest from July to August, with a total of 23,000 shares sold short as of August 15th.
• The company's CEO sold 28,172 shares at an average price of $1.81, marking an 8.56% decrease in his position, while corporate insiders collectively own 23.32% of the company's stock.
• Analysts have set a consensus "Hold" rating on Fluent, with a price target decrease from $3.50 to $3.00 according to Canaccord Genuity Group.

Fluent, Inc. (NASDAQ:FLNT - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 23,000 shares, adecreaseof24.8% from the July 31st total of 30,600 shares. Approximately0.3% of the shares of the company are sold short. Based on an average daily volume of 92,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 92,600 shares, the short-interest ratio is currently 0.2 days. Approximately0.3% of the shares of the company are sold short.

Fluent Trading Down 3.1%

Shares of FLNT opened at $2.19 on Monday. The firm has a market cap of $53.15 million, a P/E ratio of -1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.95 and a quick ratio of 0.95. Fluent has a 1 year low of $1.50 and a 1 year high of $3.83. The company has a 50 day simple moving average of $2.21 and a two-hundred day simple moving average of $2.20.

Insider Buying and Selling

In related news, CEO Donald Huntley Patrick sold 28,172 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1.81, for a total value of $50,991.32. Following the transaction, the chief executive officer directly owned 300,891 shares of the company's stock, valued at approximately $544,612.71. This trade represents a 8.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.32% of the company's stock.

Analysts Set New Price Targets

FLNT has been the topic of a number of recent analyst reports. Wall Street Zen initiated coverage on shares of Fluent in a research note on Sunday, May 18th. They set a "hold" rating on the stock. Canaccord Genuity Group decreased their price objective on shares of Fluent from $3.50 to $3.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $3.00.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.

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