Short Interest in Mannatech, Incorporated (NASDAQ:MTEX) Decreases By 18.1%

Mannatech, Incorporated (NASDAQ:MTEX) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 12,610 shares, a drop of 18.1% from the February 12th total of 15,393 shares. Based on an average daily volume of 2,059 shares, the short-interest ratio is presently 6.1 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 2,059 shares, the short-interest ratio is presently 6.1 days.

Mannatech Stock Performance

MTEX traded down $0.34 during trading on Tuesday, hitting $6.26. The stock had a trading volume of 2,732 shares, compared to its average volume of 2,766. The company has a 50 day moving average price of $7.27 and a 200-day moving average price of $8.37. The firm has a market cap of $11.89 million, a price-to-earnings ratio of -7.28 and a beta of 0.81. Mannatech has a one year low of $6.16 and a one year high of $12.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 0.56.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mannatech in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Mannatech

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.