Mannatech, Incorporated (NASDAQ:MTEX) Short Interest Down 18.1% in January

Mannatech, Incorporated (NASDAQ:MTEX) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 12,700 shares, a drop of 18.1% from the January 15th total of 15,500 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Mannatech in a research note on Friday. They set a “buy” rating for the company.

Mannatech Trading Up 12.0 %

Shares of NASDAQ:MTEX opened at $11.80 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Mannatech has a 12-month low of $6.75 and a 12-month high of $16.49. The business has a 50 day moving average of $12.31 and a two-hundred day moving average of $9.38. The company has a market capitalization of $22.18 million, a PE ratio of -14.57 and a beta of 1.02.

Mannatech Company Profile

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.