Smart for Life, Inc. (NASDAQ:SMFL – Get Rating) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 849,600 shares, a growth of 61.5% from the November 30th total of 526,200 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 95,200 shares, the short-interest ratio is presently 8.9 days.
Smart for Life Stock Performance
Shares of Smart for Life stock traded up $0.01 during trading on Friday, reaching $0.24. 391,181 shares of the stock traded hands, compared to its average volume of 122,613. The business has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $0.45. The company has a current ratio of 0.49, a quick ratio of 0.16 and a debt-to-equity ratio of 6.58. Smart for Life has a 52-week low of $0.19 and a 52-week high of $3.25.
Get Smart for Life alerts:Insiders Place Their Bets
In other Smart for Life news, major shareholder Trilogy Capital Group, Llc sold 1,161,000 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $0.26, for a total value of $301,860.00. Following the completion of the sale, the insider now owns 5,229,000 shares in the company, valued at approximately $1,359,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Smart for Life stock. UBS Group AG acquired a new stake in shares of Smart for Life, Inc. (NASDAQ:SMFL – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,629 shares of the company's stock, valued at approximately $29,000. UBS Group AG owned approximately 0.12% of Smart for Life as of its most recent SEC filing. 0.35% of the stock is currently owned by hedge funds and other institutional investors.Smart for Life Company Profile
(Get Rating)
Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements; dietary supplements; nutritional supplements for athletes and active lifestyle consumers comprising powders, tablets, and soft gels; and various nutritional supplements.
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