Mannatech, Incorporated (NASDAQ:MTEX) Short Interest Down 25.0% in June

Mannatech, Incorporated (NASDAQ:MTEX) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 600 shares, a decrease of 25.0% from the May 31st total of 800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Mannatech in a research note on Thursday. They issued a “buy” rating for the company.

Mannatech Trading Down 2.3 %

NASDAQ:MTEX traded down $0.16 on Friday, hitting $6.79. The stock had a trading volume of 1,205 shares, compared to its average volume of 1,240. Mannatech has a 1 year low of $6.75 and a 1 year high of $15.10. The firm’s fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $8.33. The company has a current ratio of 1.08, a quick ratio of 0.56 and a debt-to-equity ratio of 0.09.

Mannatech (NASDAQ:MTEX) last released its earnings results on Tuesday, May 14th. The company reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $29.39 million during the quarter. Mannatech had a negative return on equity of 15.37% and a negative net margin of 1.31%.

About Mannatech

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.