The Hain Celestial Group, Inc. (NASDAQ:HAIN) Sees Large Growth in Short Interest

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 12,465,108 shares, an increase of 14.3% from the March 31st total of 10,903,463 shares. Approximately 13.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,033,021 shares, the short-interest ratio is currently 12.1 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HAIN shares. Barclays downgraded The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $1.50 to $0.50 in a research report on Monday, March 16th. DA Davidson reiterated a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings downgraded The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday, April 21st. Finally, Stephens reduced their price objective on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.79.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in The Hain Celestial Group by 26,624.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock worth $90,000 after purchasing an additional 83,600 shares during the period. Assenagon Asset Management S.A. lifted its position in The Hain Celestial Group by 283.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,218,733 shares of the company’s stock worth $850,000 after purchasing an additional 900,831 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in The Hain Celestial Group in the fourth quarter worth approximately $109,000. J. Derek Lewis & Associates Inc. acquired a new stake in The Hain Celestial Group in the fourth quarter worth approximately $178,000. Finally, Rothschild Investment LLC lifted its position in shares of The Hain Celestial Group by 75.1% during the 4th quarter. Rothschild Investment LLC now owns 220,371 shares of the company’s stock valued at $236,000 after acquiring an additional 94,496 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Up 3.9%

HAIN traded up $0.03 during trading on Friday, reaching $0.68. The stock had a trading volume of 771,127 shares, compared to its average volume of 1,022,630. The firm has a market capitalization of $61.74 million, a price-to-earnings ratio of -0.11 and a beta of 0.65. The Hain Celestial Group has a 1-year low of $0.55 and a 1-year high of $3.07. The stock has a 50 day moving average of $0.76 and a two-hundred day moving average of $1.03.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 9th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $384.12 million during the quarter, compared to the consensus estimate of $383.23 million. The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%. On average, research analysts forecast that The Hain Celestial Group will post -0.16 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.