In April, the short interest increased significantly. On April 15th there were 1,000 shares of short interest, which is an increase of 11,1% from March 31st's total of 900. At the moment, only 0.1% of shares are shorted. The short-interest rate is currently 0.4 days based on an average daily share volume of 2,400.
Inflows of Institutional Capital and Outflows
A new institutional position was recently taken by an investor in Mannatech. The company filed its latest Form 13F with the Securities & Exchange Commission. The firm purchased 20,090 shares worth approximately $417,000. IFG Advisory LLC held 1.05% of Mannatech at the time of its latest filing with Securities & Exchange Commission. Recently, several analysts have weighed in about MTEX's shares. In a Sunday research report, the company began covering shares of Mannatech. They gave the company a rating of 'buy'.
Mannatech stock down 3.7 %
Trading at midday on Friday saw a decline of $0.48, bringing the price to $12.41. The trading volume was 3,021 shares compared to the average of 1,713. Mannatech's 52-week low is $12.40, and its 52-week high is $35.47. The debt-to equity ratio for the company is 0.01, its current ratio is 1.17, and its quick ratio 0.68. The company's 50-day moving average is 16.39, and its 200-day moving average is 18.57. The stock's market cap is $23.20 million. It has a P/E of -4.48, and a beta value of 1.21.
The company announced its last quarterly earnings on Friday, 17th March. The company reported a quarterly EPS of ($3.78). Revenue for the quarter was $34.34 millions. Mannatech's negative net margin was 3.64%, and its negative return on equity was 25.71%.
Mannatech Announces Dividend
A quarterly dividend was also paid by the company on March 30th. The $0.20 dividend was paid to stockholders who were in the books on March 16th. This dividend became payable on Wednesday, March 15. This is a $0.80 dividend with a dividend yield 6.45%. Mannatech has a payout ratio of -28.88%.
Mannatech, Inc is a company that develops nutritional supplements, skin care and topical products, and weight management products to promote optimal health and wellbeing. Its product categories include integrative health and targeted health, wealth, fitness, skin, essentials and home. Marlin Robbins founded the company with Samuel L.
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