Short Interest in Natural Alternatives International, Inc. (NASDAQ:NAII) Decreases By 23.9%

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

Natural Alternatives International Trading Up 0.2 %

NAII traded up $0.01 during midday trading on Friday, hitting $4.29. The company’s stock had a trading volume of 854 shares, compared to its average volume of 4,674. Natural Alternatives International has a 52-week low of $4.02 and a 52-week high of $7.26. The firm has a 50-day moving average price of $4.29 and a two-hundred day moving average price of $4.95. The company has a current ratio of 2.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11. The firm has a market cap of $26.60 million, a P/E ratio of -2.98 and a beta of 0.61.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Natural Alternatives International

A hedge fund recently raised its stake in Natural Alternatives International stock. Geode Capital Management LLC lifted its position in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. 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.