Fluent, Inc. (NASDAQ:FLNT) Short Interest Up 5.6% in January

Fluent, Inc. (NASDAQ:FLNT) was the target of a large growth in short interest during the month of 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 company are sold short. Based on an average trading volume of 21,300 shares, the short-interest ratio is currently 1.2 days.

Fluent Stock Performance

NASDAQ FLNT opened at $2.82 on Wednesday. The firm has a market capitalization of $47.60 million, a P/E ratio of -1.57 and a beta of 2.25. The stock has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $2.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 0.94. Fluent has a fifty-two week low of $2.31 and a fifty-two week high of $4.30.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fluent stock. Intelligence Driven Advisers LLC acquired a new position in shares of Fluent, Inc. (NASDAQ:FLNT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,231 shares of the company’s stock, valued at approximately $66,000. Intelligence Driven Advisers LLC owned 0.16% of Fluent at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Fluent in a research note on Monday. They issued a “hold” rating on the 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.