Natural Alternatives International, Inc. (NASDAQ:NAII) Sees Large Decrease in Short Interest

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 4,900 shares, a drop of 50.5% from the November 30th total of 9,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 11,600 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Natural Alternatives International

An institutional investor recently raised its position in Natural Alternatives International stock. Geode Capital Management LLC raised its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,062 shares of the company’s stock after purchasing an additional 2,915 shares during the quarter. Geode Capital Management LLC owned 0.73% of Natural Alternatives International worth $258,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Natural Alternatives International in a report on Friday, December 20th. They issued a “buy” rating on the stock.

Natural Alternatives International Price Performance

Shares of NASDAQ NAII traded down $0.06 during trading on Friday, reaching $4.25. The company had a trading volume of 12,337 shares, compared to its average volume of 6,830. Natural Alternatives International has a 52 week low of $4.02 and a 52 week high of $7.26. The business’s 50 day moving average price is $4.42 and its 200-day moving average price is $5.30. The stock has a market cap of $26.35 million, a PE ratio of -2.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.56.

Natural Alternatives International (NASDAQ:NAII) last posted its quarterly earnings results on Friday, September 27th. The company reported ($0.32) earnings per share for the quarter. Natural Alternatives International had a negative return on equity of 10.23% and a negative net margin of 7.53%. The business had revenue of $29.49 million for the quarter.

About Natural Alternatives International

Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Australia, Asia, Mexico, and Canada. The company operates in two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. It offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products.