Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 19,300 shares, a decline of 37.9% from the September 30th total of 31,100 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

FLNT has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Fluent in a research report on Tuesday, October 22nd. They set a “hold” rating for the company. Canaccord Genuity Group decreased their target price on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th.

Fluent Trading Down 5.3 %

NASDAQ FLNT opened at $3.03 on Friday. The company has a fifty day moving average of $2.97 and a 200 day moving average of $3.23. The company has a market capitalization of $51.12 million, a PE ratio of -0.80 and a beta of 2.25. Fluent has a 1 year low of $2.31 and a 1 year high of $4.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97.

Fluent (NASDAQ:FLNT) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). The firm had revenue of $58.72 million during the quarter, compared to analyst estimates of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. Research analysts forecast that Fluent will post -1 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fluent stock. Empowered Funds LLC increased its stake in shares of Fluent, Inc. (NASDAQ:FLNT) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 311,597 shares of the company’s stock after purchasing an additional 23,592 shares during the period. Empowered Funds LLC owned 2.28% of Fluent worth $154,000 as of its most recent filing with the Securities & Exchange Commission. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

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.