Fluent, Inc. (NASDAQ:FLNT) Sees Significant Growth in Short Interest

Fluent, Inc. (NASDAQ:FLNT) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 55,800 shares, a growth of 90.4% from the February 28th total of 29,300 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.6% of the shares of the company are short sold.

Fluent Stock Performance

Shares of NASDAQ FLNT traded down $0.05 during midday trading on Friday, hitting $2.21. 6,864 shares of the company’s stock were exchanged, compared to its average volume of 21,019. Fluent has a twelve month low of $2.01 and a twelve month high of $4.30. The firm has a market cap of $37.30 million, a P/E ratio of -1.23 and a beta of 2.30. The stock’s 50 day moving average price is $2.64 and its 200-day moving average price is $2.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.94.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $65.41 million during the quarter, compared to analyst estimates of $68.06 million. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. Equities research analysts anticipate that Fluent will post -1.82 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FLNT shares. StockNews.com assumed coverage on Fluent in a report on Sunday, March 23rd. They issued a “hold” rating on the stock. Canaccord Genuity Group set a $3.50 price target on shares of Fluent and gave the company a “hold” rating in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 4WEALTH Advisors Inc. acquired a new stake in Fluent in the fourth quarter worth approximately $576,000. CacheTech Inc. bought a new stake in shares of Fluent in the 4th quarter worth $76,000. Geode Capital Management LLC lifted its holdings in shares of Fluent by 26.2% in the fourth quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after buying an additional 19,238 shares during the period. Tieton Capital Management LLC boosted its stake in Fluent by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after buying an additional 216,877 shares in the last quarter. Finally, Intelligence Driven Advisers LLC acquired a new position in Fluent during the fourth quarter worth about $66,000. 23.33% of the stock is currently owned by institutional investors.

About Fluent

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.