Herbalife Ltd. (NYSE:HLF) Short Interest Update

Herbalife Ltd. (NYSE:HLF) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 15,670,000 shares, a growth of 7.5% from the January 15th total of 14,580,000 shares. Currently, 16.0% of the company’s shares are sold short. Based on an average trading volume of 2,240,000 shares, the short-interest ratio is currently 7.0 days.

Wall Street Analyst Weigh In

HLF has been the topic of a number of analyst reports. B. Riley cut their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Mizuho raised their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. DA Davidson dropped their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Citigroup dropped their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.90.

Institutional Investors Weigh In On Herbalife

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after purchasing an additional 3,714 shares in the last quarter. R Squared Ltd bought a new stake in shares of Herbalife during the fourth quarter worth about $63,000. Van ECK Associates Corp grew its holdings in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after purchasing an additional 5,524 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Herbalife during the fourth quarter worth about $71,000. Finally, Headlands Technologies LLC boosted its holdings in Herbalife by 12,307.6% in the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock valued at $76,000 after acquiring an additional 11,323 shares during the last quarter.

Herbalife Price Performance

HLF stock traded up $0.18 during midday trading on Tuesday, reaching $5.80. 4,024,363 shares of the company were exchanged, compared to its average volume of 2,050,273. Herbalife has a one year low of $5.04 and a one year high of $12.79. The firm has a market capitalization of $584.08 million, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15. The business has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $7.28.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.