Fluent, Inc. (NASDAQ:FLNT) Sees Large Decrease in Short Interest

Fluent, Inc. (NASDAQ:FLNT) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 37,700 shares, a drop of 32.4% from the March 15th total of 55,800 shares. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of Fluent

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tieton Capital Management LLC grew its holdings in shares of Fluent by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 1,061,885 shares of the company’s stock valued at $2,676,000 after purchasing an additional 216,877 shares during the period. 4WEALTH Advisors Inc. acquired a new position in Fluent in the 4th quarter valued at about $576,000. Geode Capital Management LLC grew its stake in shares of Fluent by 26.2% in the 4th quarter. Geode Capital Management LLC now owns 92,527 shares of the company’s stock valued at $233,000 after buying an additional 19,238 shares during the period. CacheTech Inc. acquired a new stake in shares of Fluent during the 4th quarter worth approximately $76,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Fluent during the 4th quarter valued at approximately $66,000. 23.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com began coverage on Fluent in a research report on Wednesday. They issued a “hold” rating on the stock. Canaccord Genuity Group set a $3.50 price objective on Fluent and gave the company a “hold” rating in a report on Friday, February 28th.

Fluent Stock Down 4.3 %

Shares of NASDAQ FLNT opened at $2.20 on Friday. The stock has a market cap of $45.42 million, a PE ratio of -1.22 and a beta of 2.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. Fluent has a 12-month low of $2.01 and a 12-month high of $4.30. The company has a 50-day moving average of $2.43 and a 200 day moving average of $2.72.

Fluent (NASDAQ:FLNT) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. Fluent had a negative return on equity of 64.75% and a negative net margin of 10.59%. The business had revenue of $65.41 million during the quarter, compared to analyst estimates of $68.06 million. As a group, sell-side analysts predict that Fluent will post -1.82 EPS for the current fiscal year.

About Fluent

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.