Short Interest in Herbalife LTD. (HLF) Decreases By 23.8%

Herbalife LTD. (NYSE:HLF) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 14,937,296 shares, a decrease of 23.8% from the October 13th total of 19,595,335 shares. Currently, 19.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,408,121 shares, the short-interest ratio is currently 10.6 days.

HLF has been the subject of several recent research reports. ValuEngine raised Herbalife LTD. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Pivotal Research reissued a “buy” rating and issued a $120.00 price target on shares of Herbalife LTD. in a research note on Thursday, August 31st. Zacks Investment Research cut Herbalife LTD. from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. BidaskClub cut Herbalife LTD. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Tigress Financial reissued a “buy” rating on shares of Herbalife LTD. in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. acquired a new stake in Herbalife LTD. during the second quarter worth approximately $1,283,000. FMR LLC grew its stake in Herbalife LTD. by 9.1% during the second quarter. FMR LLC now owns 8,025,946 shares of the company’s stock worth $572,490,000 after purchasing an additional 667,474 shares during the period. CIBC World Markets Inc. acquired a new stake in Herbalife LTD. during the second quarter worth approximately $4,924,000. William Blair Investment Management LLC grew its stake in Herbalife LTD. by 10.8% during the second quarter. William Blair Investment Management LLC now owns 214,322 shares of the company’s stock worth $15,288,000 after purchasing an additional 20,903 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in Herbalife LTD. during the third quarter worth approximately $2,649,000.

Shares of Herbalife LTD. (HLF) opened at $65.05 on Thursday. Herbalife LTD. has a one year low of $47.62 and a one year high of $79.64. The company has a market capitalization of $5,654.74, a P/E ratio of 14.19 and a beta of 1.32. The company has a debt-to-equity ratio of 9.94, a quick ratio of 2.24 and a current ratio of 2.65.

Herbalife LTD. (NYSE:HLF) last released its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Herbalife LTD. had a return on equity of 176.64% and a net margin of 8.60%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. analysts forecast that Herbalife LTD. will post 4.55 EPS for the current fiscal year.

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About Herbalife LTD.

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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