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

Mannatech, Incorporated (NASDAQ:MTEX) was the recipient of a significant increase in short interest in 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 shares are sold short. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Mannatech in a research note on Sunday, March 2nd. They set a “buy” rating on the stock.

Mannatech Trading Up 5.1 %

Mannatech stock traded up $0.56 during midday trading on Friday, reaching $11.61. The stock had a trading volume of 2,175 shares, compared to its average volume of 5,292. The stock has a market capitalization of $21.88 million, a PE ratio of -14.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25. The stock’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $9.76. Mannatech has a twelve month low of $6.75 and a twelve month high of $16.49.

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.