Fluent, Inc. (NASDAQ:FLNT) Short Interest Up 58.4% in September

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 32,000 shares, an increase of 58.4% from the August 31st total of 20,200 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FLNT. Canaccord Genuity Group reduced their price objective on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. StockNews.com initiated coverage on Fluent in a research note on Friday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Fluent

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after buying an additional 23,592 shares during the last quarter. Salvus Wealth Management LLC boosted its position in Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares during the last quarter. JB Capital Partners LP grew its stake in Fluent by 3.1% in the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after purchasing an additional 150,150 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Fluent in the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Fluent Trading Down 4.1 %

Shares of Fluent stock opened at $3.55 on Friday. The company has a market capitalization of $48.50 million, a P/E ratio of -1.20 and a beta of 2.24. The stock has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $3.21. Fluent has a 12-month low of $2.31 and a 12-month high of $4.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03.

Fluent (NASDAQ:FLNT) last announced its earnings results on Monday, August 19th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). Fluent had a negative net margin of 20.26% and a negative return on equity of 56.62%. The firm had revenue of $58.72 million during the quarter, compared to analysts’ expectations of $61.61 million. On average, sell-side analysts anticipate that Fluent will post -1 earnings per share for the current fiscal year.

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.