Fluent, Inc. (NASDAQ:FLNT) Short Interest Down 30.8% in January

Fluent, Inc. (NASDAQ:FLNT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 89,298 shares, a decrease of 30.8% from the December 31st total of 128,952 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,122 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 79,122 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

Fluent Trading Down 1.0%

NASDAQ FLNT traded down $0.04 on Friday, hitting $3.78. 64,393 shares of the company were exchanged, compared to its average volume of 65,795. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 1.02. Fluent has a twelve month low of $1.50 and a twelve month high of $4.00. The firm has a market capitalization of $112.04 million, a P/E ratio of -3.29 and a beta of 0.92. The company’s 50 day moving average price is $2.60 and its 200-day moving average price is $2.31.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price target on shares of Fluent from $3.00 to $2.50 and set a “hold” rating for the company in a report on Friday, November 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.50.

Hedge Funds Weigh In On Fluent

An institutional investor recently raised its position in Fluent stock. Susquehanna International Group LLP raised its position in shares of Fluent, Inc. (NASDAQ:FLNT) by 65.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,947 shares of the company’s stock after purchasing an additional 15,777 shares during the quarter. Susquehanna International Group LLP owned 0.14% of Fluent worth $89,000 at the end of the most recent quarter. 23.33% of the stock is owned by institutional investors.

Fluent Company Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.