Short Interest in Fluent Inc (NASDAQ:FLNT) Increases By 25.2%

Fluent Inc (NASDAQ:FLNT) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,963,400 shares, an increase of 25.2% from the May 30th total of 1,567,800 shares. Based on an average trading volume of 526,800 shares, the days-to-cover ratio is currently 3.7 days. Currently, 5.2% of the company’s shares are sold short.

NASDAQ:FLNT traded up $0.23 during midday trading on Friday, reaching $5.81. 251,066 shares of the stock traded hands, compared to its average volume of 434,587. The business has a fifty day moving average of $5.23. Fluent has a 12 month low of $1.95 and a 12 month high of $7.47. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $428.25 million, a PE ratio of 58.10, a P/E/G ratio of 0.73 and a beta of 0.96.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Fluent had a net margin of 3.76% and a return on equity of 5.55%. The firm had revenue of $66.56 million for the quarter, compared to the consensus estimate of $65.61 million. As a group, analysts forecast that Fluent will post 0.19 EPS for the current fiscal year.



Large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in Fluent during the 4th quarter valued at $37,000. Two Sigma Investments LP bought a new stake in Fluent during the 4th quarter valued at $48,000. Gotham Asset Management LLC bought a new stake in Fluent during the 4th quarter valued at $64,000. Stone Ridge Asset Management LLC purchased a new position in Fluent during the 4th quarter valued at $71,000. Finally, Acadian Asset Management LLC purchased a new position in Fluent during the 4th quarter valued at $82,000. Institutional investors own 27.29% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Roth Capital upped their price target on shares of NV5 Global from $90.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Barrington Research upped their price target on shares of Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Four research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $7.92.

About Fluent

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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