Fluent, Inc. (NASDAQ:FLNT) Short Interest Update

Fluent, Inc. (NASDAQ:FLNT) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 109,364 shares, an increase of 22.5% from the January 15th total of 89,298 shares. Based on an average daily trading volume, of 58,047 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,047 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

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

Fluent Stock Performance

Fluent stock opened at $3.12 on Tuesday. The company has a market cap of $92.48 million, a PE ratio of -2.71 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. Fluent has a 1 year low of $1.50 and a 1 year high of $4.00. The company’s 50-day moving average is $2.95 and its two-hundred day moving average is $2.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC bought a new stake in Fluent in the third quarter valued at about $634,000. Geode Capital Management LLC boosted its stake in Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after purchasing an additional 15,777 shares during the period. 23.33% of the stock is currently owned by institutional investors.

About Fluent

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.