Short Interest in Fluent, Inc. (NASDAQ:FLNT) Expands By 90.4%

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 55,800 shares, a growth of 90.4% from the February 28th total of 29,300 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 3.9 days. Currently, 0.6% of the company’s shares are short sold.

Fluent Stock Down 2.2 %

Shares of NASDAQ:FLNT traded down $0.05 during trading on Friday, reaching $2.21. The stock had a trading volume of 6,864 shares, compared to its average volume of 21,014. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $37.30 million, a P/E ratio of -1.23 and a beta of 2.30. The firm’s 50-day simple moving average is $2.65 and its 200 day simple moving average is $2.81. Fluent has a one year low of $2.01 and a one year high of $4.30.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Friday, February 28th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The company had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.06 million. As a group, research analysts expect that Fluent will post -1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluent

A number of institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC increased its stake in shares of Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock worth $2,676,000 after acquiring an additional 216,877 shares during the period. Intelligence Driven Advisers LLC purchased a new position in Fluent during the fourth quarter valued at approximately $66,000. Geode Capital Management LLC lifted its holdings in Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after acquiring an additional 19,238 shares during the period. 4WEALTH Advisors Inc. purchased a new stake in Fluent in the 4th quarter worth approximately $576,000. Finally, CacheTech Inc. acquired a new stake in shares of Fluent during the 4th quarter worth approximately $76,000. 23.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com began coverage on Fluent in a research report on Sunday, March 23rd. They set a “hold” rating for the company. Canaccord Genuity Group set a $3.50 price target on shares of Fluent and gave the company a “hold” rating in a report on Friday, February 28th.

About Fluent

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.