Fluent, Inc. (NASDAQ:FLNT) Sees Significant Increase in Short Interest

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 26,300 shares, a growth of 5.6% from the December 31st total of 24,900 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is presently 1.2 days.

Fluent Price Performance

FLNT opened at $2.83 on Monday. 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 cap of $47.77 million, a price-to-earnings ratio of -1.57 and a beta of 2.23. The stock has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $2.93. Fluent has a 12-month low of $2.31 and a 12-month high of $4.30.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Fluent in a research note on Sunday, January 26th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fluent stock. Intelligence Driven Advisers LLC acquired a new stake in shares of Fluent, Inc. (NASDAQ:FLNT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,231 shares of the company’s stock, valued at approximately $66,000. Intelligence Driven Advisers LLC owned about 0.16% of Fluent at the end of the most recent quarter. Institutional investors own 23.33% of the company’s stock.

Fluent Company Profile

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.