Mannatech, Incorporated (NASDAQ:MTEX – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 12,840 shares, a decline of 42.1% from the August 31st total of 22,195 shares. Based on an average daily trading volume, of 92,879 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Mannatech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
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Mannatech Stock Down 5.5%
Mannatech (NASDAQ:MTEX – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $26.65 million for the quarter. Mannatech had a negative return on equity of 2,383.34% and a negative net margin of 6.90%.
Mannatech Company Profile
Mannatech, Incorporated (NASDAQ: MTEX) develops and sells nutritional supplements, functional foods and personal-care products. Its offerings are designed to support areas such as general wellness, nutrition, energy and skincare, and include supplement powders, capsules, beverages and topical products.
The company primarily uses a direct-selling business model, marketing its products through independent associates and distributors as well as through online channels. Mannatech is known for products incorporating plant-based and other nutritional ingredients, including its Ambrotose and MannaBears product lines.
Founded in 1994, Mannatech is based in Flower Mound, Texas.
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