Mannatech, Incorporated (NASDAQ:MTEX) Short Interest Update

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. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

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

Mannatech Stock Up 4.6 %

Mannatech stock opened at $11.56 on Friday. The firm has a market capitalization of $21.78 million, a P/E ratio of -14.27 and a beta of 1.06. The company has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $9.76. Mannatech has a one year low of $6.75 and a one year high of $16.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25.

About Mannatech

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.