Natural Alternatives International, Inc. (NASDAQ:NAII) Short Interest Update

Natural Alternatives International, Inc. (NASDAQ:NAII) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,500 shares, a growth of 73.1% from the February 28th total of 2,600 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Natural Alternatives International Price Performance

Shares of NAII stock opened at $3.50 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70. The firm has a market cap of $21.70 million, a P/E ratio of -2.71 and a beta of 0.60. The business’s 50 day moving average price is $3.96 and its 200-day moving average price is $4.44. Natural Alternatives International has a fifty-two week low of $3.27 and a fifty-two week high of $7.26.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.37) earnings per share (EPS) for the quarter. Natural Alternatives International had a negative net margin of 6.26% and a negative return on equity of 9.36%. The company had revenue of $34.08 million for the quarter.

Hedge Funds Weigh In On Natural Alternatives International

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAII. Citadel Advisors LLC bought a new stake in Natural Alternatives International during the 4th quarter valued at about $61,000. Northern Trust Corp raised its stake in shares of Natural Alternatives International by 54.3% in the fourth quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock worth $162,000 after purchasing an additional 13,238 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Natural Alternatives International by 6.9% during the third quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after purchasing an additional 2,915 shares in the last quarter. Mink Brook Asset Management LLC bought a new stake in Natural Alternatives International in the 4th quarter worth about $1,293,000. Finally, Dimensional Fund Advisors LP raised its position in Natural Alternatives International by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock worth $1,841,000 after buying an additional 2,371 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Natural Alternatives International in a report on Wednesday, March 26th. They issued a “buy” rating on the stock.

Natural Alternatives International Company Profile

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.