Long Island Iced Tea Corp. (NASDAQ:LTEA) Fall’s in Trading Today – Down $0.15

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(NASDAQ:LTEA) is trading down by 6.85% percent from yesterday’s close giving up $0.15 . More than 93,937 shares have changed hands.

It is currently trading at $2.04 which is significantly below the 50 day moving average which is $3.68 and significantly lower than the 200 day moving average of $4.41. The 50 day moving average was down by -44.56% whereas the 200 day moving average was down $-2.37 or -53.71%.

Traders are a little more bearish on shares of Long Island Iced Tea Corp. lately considering the motion in short interest. The company experienced a rise in short interest between August 15, 2017 and August 31, 2017 of 0.17%. Short interest increased 153 over that timeframe. With short interest at 89,994 and short average daily volume at 83,704, the short-interest ratio is 1.0 and the short interest percentage is 0.01% as of August 31.