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

Natural Alternatives International, Inc. (NASDAQ:NAII) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,600 shares, a decrease of 25.7% from the February 13th total of 3,500 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Natural Alternatives International in a report on Monday, March 10th. They issued a “buy” rating for the company.

Natural Alternatives International Trading Down 0.9 %

NASDAQ NAII traded down $0.03 on Monday, hitting $3.47. The company’s stock had a trading volume of 5,550 shares, compared to its average volume of 7,005. Natural Alternatives International has a 52-week low of $3.27 and a 52-week high of $7.26. The company has a current ratio of 2.70, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $4.09 and its 200 day simple moving average is $4.63. The firm has a market cap of $21.51 million, a P/E ratio of -2.69 and a beta of 0.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Natural Alternatives International by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after buying an additional 2,915 shares in the last quarter. Citadel Advisors LLC bought a new position in Natural Alternatives International during the 4th quarter valued at approximately $61,000. Northern Trust Corp increased its position in Natural Alternatives International by 54.3% during the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after buying an additional 13,238 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Natural Alternatives International by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock valued at $1,841,000 after buying an additional 2,371 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in Natural Alternatives International during the 4th quarter valued at approximately $1,293,000. Hedge funds and other 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.