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

Fluent, Inc. (NASDAQ:FLNT) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 26,300 shares, an increase of 5.6% from the December 15th total of 24,900 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Fluent in a research report on Saturday. They set a “hold” rating for the company.

Fluent Stock Down 1.3 %

FLNT traded down $0.04 during midday trading on Monday, reaching $2.86. The company’s stock had a trading volume of 4,394 shares, compared to its average volume of 24,625. Fluent has a 1 year low of $2.31 and a 1 year high of $4.30. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $2.98. The firm has a market capitalization of $48.29 million, a price-to-earnings ratio of -1.59 and a beta of 2.23. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

Fluent Company Profile

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.