FitLife Brands, Inc. (NASDAQ:FTLF) Short Interest Down 32.6% in March

FitLife Brands, Inc. (NASDAQ:FTLF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 15,500 shares, a decrease of 32.6% from the February 28th total of 23,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On FitLife Brands

Several institutional investors have recently bought and sold shares of FTLF. Geode Capital Management LLC increased its stake in FitLife Brands by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock worth $757,000 after purchasing an additional 1,045 shares during the period. Barclays PLC bought a new position in shares of FitLife Brands in the third quarter worth approximately $91,000. Bard Associates Inc. purchased a new position in shares of FitLife Brands in the fourth quarter worth $211,000. 683 Capital Management LLC bought a new stake in FitLife Brands during the 4th quarter valued at $384,000. Finally, Northern Trust Corp bought a new stake in FitLife Brands during the 4th quarter valued at $409,000. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

FitLife Brands Price Performance

Shares of FitLife Brands stock opened at $12.10 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50. FitLife Brands has a 52-week low of $11.51 and a 52-week high of $17.75. The company has a fifty day moving average of $14.72 and a 200-day moving average of $15.66. The stock has a market capitalization of $111.44 million, a price-to-earnings ratio of 14.32 and a beta of 0.95.

FitLife Brands (NASDAQ:FTLF) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. Equities research analysts expect that FitLife Brands will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital assumed coverage on FitLife Brands in a report on Monday, March 17th. They set a “buy” rating and a $21.00 price objective on the stock.

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.