Short Interest in Mannatech, Incorporated (NASDAQ:MTEX) Declines By 88.6%

Mannatech, Incorporated (NASDAQ:MTEX) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 500 shares, a drop of 88.6% from the September 15th total of 4,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,000 shares, the short-interest ratio is currently 0.0 days.

In other Mannatech news, Director Kevin Andrew Robbins sold 1,500 shares of the business’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $32.99, for a total transaction of $49,485.00. Following the transaction, the director now owns 8,119 shares of the company’s stock, valued at $267,845.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 4,000 shares of company stock worth $127,140. Insiders own 48.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Mannatech in the third quarter worth about $3,149,000. State Street Corp bought a new position in Mannatech during the 2nd quarter valued at $343,000. Finally, Renaissance Technologies LLC lifted its position in shares of Mannatech by 6.7% during the second quarter. Renaissance Technologies LLC now owns 54,713 shares of the company’s stock worth $1,516,000 after purchasing an additional 3,414 shares during the last quarter. Institutional investors own 18.30% of the company’s stock.

Shares of MTEX traded down $1.02 during mid-day trading on Thursday, hitting $32.51. 905 shares of the company’s stock were exchanged, compared to its average volume of 9,822. The company has a market cap of $61.54 million, a price-to-earnings ratio of 10.39 and a beta of 0.99. The stock’s 50-day moving average is $32.33 and its 200-day moving average is $26.82. Mannatech has a fifty-two week low of $13.65 and a fifty-two week high of $49.08.

Mannatech (NASDAQ:MTEX) last released its quarterly earnings results on Thursday, August 12th. The company reported $0.99 EPS for the quarter. Mannatech had a return on equity of 26.07% and a net margin of 4.22%. The company had revenue of $42.50 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 15th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. This is an increase from Mannatech’s previous quarterly dividend of $0.16.

Mannatech Company Profile

Mannatech, Inc develops nutritional supplements, topical and skin care products and weight-management products that target optimal health and wellness. Its product category include integrative health,targeted health, wealth and fitness, skin care, essentials, and home. The company was founded by Marlin Ray Robbins and Samuel L.

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