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

Natural Alternatives International, Inc. (NASDAQ:NAII) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 3,500 shares, a decrease of 23.9% from the December 31st total of 4,600 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Natural Alternatives International Stock Performance

NAII opened at $4.28 on Friday. Natural Alternatives International has a 52-week low of $4.02 and a 52-week high of $7.26. The company has a quick ratio of 1.50, a current ratio of 2.56 and a debt-to-equity ratio of 0.11. The company has a market cap of $26.54 million, a P/E ratio of -2.97 and a beta of 0.61. The firm’s 50-day moving average price is $4.29 and its 200-day moving average price is $4.97.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Natural Alternatives International in a report on Wednesday. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Natural Alternatives International

A hedge fund recently raised its stake in Natural Alternatives International stock. Geode Capital Management LLC boosted its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,062 shares of the company’s stock after buying an additional 2,915 shares during the period. Geode Capital Management LLC owned approximately 0.73% of Natural Alternatives International worth $258,000 as of its most recent filing with the Securities & Exchange Commission. 32.40% of the stock is owned by hedge funds and other institutional investors.

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.