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

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target of a large decrease in short interest in the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Natural Alternatives International in a research note on Wednesday. They set a “buy” rating for the company.

Natural Alternatives International Trading Up 0.7 %

Shares of NAII stock opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.56 and a quick ratio of 1.50. The company has a market cap of $26.54 million, a price-to-earnings ratio of -2.97 and a beta of 0.61. The stock has a 50 day simple moving average of $4.29 and a 200-day simple moving average of $4.97. Natural Alternatives International has a 1-year low of $4.02 and a 1-year high of $7.26.

Institutional Inflows and Outflows

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% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,062 shares of the company’s stock after purchasing an additional 2,915 shares during the quarter. Geode Capital Management LLC owned about 0.73% of Natural Alternatives International worth $258,000 at the end of the most recent reporting period. Institutional investors own 32.40% of the company’s stock.

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.