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

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,600 shares, a decline of 25.7% from the February 13th total of 3,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 0.4 days.

Natural Alternatives International Stock Performance

Shares of NASDAQ NAII traded down $0.03 during trading on Monday, reaching $3.47. 5,550 shares of the stock traded hands, 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 debt-to-equity ratio of 0.11, a current ratio of 2.70 and a quick ratio of 1.50. The company has a 50-day moving average of $4.09 and a 200-day moving average of $4.63. The stock has a market capitalization 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 quarterly earnings data 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.

Institutional Trading of Natural Alternatives International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 2,371 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in Natural Alternatives International in the 4th quarter worth about $1,293,000. Geode Capital Management LLC increased its stake in Natural Alternatives International by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock worth $258,000 after acquiring an additional 2,915 shares during the last quarter. Northern Trust Corp increased its stake in Natural Alternatives International by 54.3% in the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock worth $162,000 after acquiring an additional 13,238 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Natural Alternatives International during the 4th quarter valued at about $61,000. 32.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Natural Alternatives International in a research report on Monday, March 10th. 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.