Mannatech, Incorporated (NASDAQ:MTEX) Sees Significant Growth in Short Interest

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 15,300 shares, an increase of 20.5% from the January 31st total of 12,700 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Mannatech in a report on Sunday. They issued a “buy” rating for the company.

Mannatech Stock Performance

Shares of NASDAQ MTEX traded down $0.38 during trading hours on Thursday, hitting $11.22. 617 shares of the stock were exchanged, compared to its average volume of 5,380. Mannatech has a one year low of $6.75 and a one year high of $16.49. The company’s 50 day moving average is $12.24 and its 200 day moving average is $9.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 0.74. The firm has a market capitalization of $21.15 million, a P/E ratio of -13.85 and a beta of 1.06.

Mannatech Company Profile

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.