Short Interest in Fluent, Inc. (NASDAQ:FLNT) Decreases By 24.8%

Fluent, Inc. (NASDAQ:FLNT) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 23,000 shares, a decrease of 24.8% from the July 31st total of 30,600 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen initiated coverage on shares of Fluent in a research note on Sunday, May 18th. They set a “hold” rating for the company. Canaccord Genuity Group cut their price target on Fluent from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Friday, May 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.00.

Fluent Price Performance

Fluent stock opened at $1.93 on Wednesday. The business has a 50 day simple moving average of $2.21 and a 200 day simple moving average of $2.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $46.84 million, a PE ratio of -1.42 and a beta of 1.32. Fluent has a one year low of $1.50 and a one year high of $3.83.

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.