Mannatech, Incorporated (NASDAQ:MTEX) Stock Short Interest Drops 42.1%

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%

Shares of NASDAQ:MTEX traded down $0.42 during trading on Wednesday, hitting $7.18. The stock had a trading volume of 25,702 shares, compared to its average volume of 56,118. The company has a market capitalization of $13.86 million, a PE ratio of -1.84 and a beta of 0.75. The firm’s fifty day moving average is $6.62 and its 200 day moving average is $5.79. Mannatech has a 12 month low of $3.80 and a 12 month high of $12.45.

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

(Get Free Report)

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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