FitLife Brands, Inc. (NASDAQ:FTLF) Short Interest Update

FitLife Brands, Inc. (NASDAQ:FTLF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 6,700 shares, a growth of 45.7% from the August 15th total of 4,600 shares. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

FitLife Brands Price Performance

Shares of NASDAQ FTLF traded down $0.55 during mid-day trading on Friday, reaching $33.05. 4,681 shares of the company were exchanged, compared to its average volume of 6,701. The stock has a market capitalization of $151.96 million, a PE ratio of 22.33 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. FitLife Brands has a 52 week low of $15.05 and a 52 week high of $35.00. The company’s 50 day moving average price is $32.17 and its 200 day moving average price is $29.21.

FitLife Brands (NASDAQ:FTLF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $16.93 million during the quarter. FitLife Brands had a return on equity of 28.06% and a net margin of 13.12%. Sell-side analysts forecast that FitLife Brands will post 1.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTLF. Roth Mkm assumed coverage on FitLife Brands in a research report on Tuesday, September 3rd. They set a “buy” rating and a $40.00 price target on the stock. Roth Capital raised shares of FitLife Brands to a “strong-buy” rating in a report on Tuesday, September 3rd.

About FitLife Brands

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.