Short Interest in FitLife Brands, Inc. (NASDAQ:FTLF) Decreases By 7.5%

FitLife Brands, Inc. (NASDAQ:FTLF) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 8,600 shares, a drop of 7.5% from the September 15th total of 9,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

FTLF has been the topic of a number of analyst reports. Roth Mkm initiated coverage on shares of FitLife Brands in a research note on Tuesday, September 3rd. They set a “buy” rating and a $40.00 target price on the stock. Roth Capital upgraded shares of FitLife Brands to a “strong-buy” rating in a report on Tuesday, September 3rd.

FitLife Brands Price Performance

Shares of FitLife Brands stock traded down $0.42 during trading hours on Thursday, reaching $31.76. The company’s stock had a trading volume of 2,495 shares, compared to its average volume of 6,261. The stock has a market cap of $146.03 million, a P/E ratio of 21.74 and a beta of 0.99. FitLife Brands has a one year low of $18.00 and a one year high of $35.00. The firm has a 50 day moving average price of $32.47 and a 200-day moving average price of $30.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.59.

FitLife Brands (NASDAQ:FTLF) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.53 EPS for the quarter. The company had revenue of $16.93 million for the quarter. FitLife Brands had a net margin of 13.12% and a return on equity of 28.06%. On average, analysts predict that FitLife Brands will post 1.93 EPS for the current year.

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.