Short Interest in Smart for Life, Inc. (NASDAQ:SMFL) Expands By 317.1%

Smart for Life, Inc. (NASDAQ:SMFL – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 168,500 shares, a growth of 317.1% from the April 30th total of 40,400 shares. Approximately 26.1% of the company’s stock are short sold. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is currently 0.1 days.

Smart for Life Stock Up 3.8 %

NASDAQ SMFL traded up $0.08 during midday trading on Friday, hitting $2.17. 346,067 shares of the company traded hands, compared to its average volume of 813,163. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.15 and a quick ratio of 0.06. The company has a market cap of $2.06 million, a PE ratio of -0.09 and a beta of 0.34. The company’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $10.36. Smart for Life has a 52 week low of $1.72 and a 52 week high of $38.00.

Smart for Life (NASDAQ:SMFL – Get Rating) last announced its earnings results on Friday, March 31st. The company reported ($9.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($9.00). The company had revenue of $3.67 million for the quarter, compared to the consensus estimate of $4.59 million. Smart for Life had a negative net margin of 112.53% and a negative return on equity of 1,438.75%.

Institutional Trading of Smart for Life

A hedge fund recently bought a new stake in Smart for Life stock. UBS Group AG bought a new stake in shares of Smart for Life, Inc. (NASDAQ:SMFL – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned approximately 0.12% of Smart for Life at the end of the most recent quarter. Hedge funds and other institutional investors own 0.35% of the company’s stock.

About Smart for Life

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Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements; dietary supplements; nutritional supplements for athletes and active lifestyle consumers comprising powders, tablets, and soft gels; and various nutritional supplements.