Short Interest in Smart for Life, Inc. (NASDAQ:SMFL) Drops By 59.4%

Smart for Life, Inc. (NASDAQ:SMFL) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 47,500 shares, a drop of 59.4% from the August 15th total of 117,000 shares. Based on an average trading volume of 230,300 shares, the short-interest ratio is presently 0.2 days. Currently, 3.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Smart for Life

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) during the 1st quarter, according to its most recent Form 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 0.12% of Smart for Life as of its most recent SEC filing.

Smart for Life Trading Down 2.0 %

SMFL opened at $1.00 on Thursday. The stock has a 50-day moving average of $1.75 and a 200 day moving average of $9.04. Smart for Life has a 12 month low of $0.85 and a 12 month high of $88.20. The firm has a market cap of $1.85 million, a P/E ratio of -0.02 and a beta of 0.11. The company has a current ratio of 0.25, a quick ratio of 0.10 and a debt-to-equity ratio of 1.63.

Smart for Life Company Profile

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 under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.