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

Natural Alternatives International, Inc. (NASDAQ:NAII) saw a significant decrease in short interest during 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

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

Natural Alternatives International Stock Up 0.2 %

Shares of NASDAQ:NAII traded up $0.01 during 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 fifty-two week low of $4.02 and a fifty-two week high of $7.26. The company has a market capitalization of $26.60 million, a PE ratio of -2.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.56. The business has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $4.95.

Hedge Funds Weigh In On Natural Alternatives International

An institutional investor recently raised its position in Natural Alternatives International stock. Geode Capital Management LLC grew its position in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure 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 approximately 0.73% of Natural Alternatives International worth $258,000 as of its most recent filing with the SEC. 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.