Mannatech, Incorporated (NASDAQ:MTEX) Sees Significant Increase in Short Interest

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 38,300 shares, a growth of 307.4% from the September 30th total of 9,400 shares. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 4.1% of the company’s stock are short sold. Currently, 4.1% of the company’s stock are short sold. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is presently 1.3 days.

Mannatech Price Performance

MTEX opened at $8.70 on Friday. The stock has a market capitalization of $16.54 million, a P/E ratio of -4.26 and a beta of 0.81. The company’s 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.25. Mannatech has a 52-week low of $7.46 and a 52-week high of $16.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 1.11.

Mannatech (NASDAQ:MTEX) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($2.27) earnings per share for the quarter. The company had revenue of $25.68 million for the quarter. Mannatech had a negative net margin of 3.46% and a negative return on equity of 48.60%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mannatech in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.