Short Interest in Natural Alternatives International, Inc. (NASDAQ:NAII) Grows By 73.1%

Natural Alternatives International, Inc. (NASDAQ:NAII) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,500 shares, an increase of 73.1% from the February 28th total of 2,600 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Natural Alternatives International

A number of hedge funds have recently made changes to their positions in NAII. Citadel Advisors LLC acquired a new stake in shares of Natural Alternatives International during the fourth quarter worth approximately $61,000. Northern Trust Corp grew its stake in Natural Alternatives International by 54.3% during the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock worth $162,000 after buying an additional 13,238 shares during the last quarter. Geode Capital Management LLC lifted its stake in Natural Alternatives International by 6.9% in the third 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 during the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of Natural Alternatives International during the fourth quarter valued at $1,293,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Natural Alternatives International by 0.6% during the fourth 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. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Natural Alternatives International Price Performance

NAII stock traded up $0.05 during trading on Friday, hitting $3.50. The stock had a trading volume of 10,494 shares, compared to its average volume of 7,277. Natural Alternatives International has a 1-year low of $3.27 and a 1-year high of $7.26. The company’s 50 day moving average price is $3.96 and its two-hundred day moving average price is $4.44. The stock has a market cap of $21.70 million, a price-to-earnings ratio of -2.71 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70.

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. The business had revenue of $34.08 million for the quarter. Natural Alternatives International had a negative return on equity of 9.36% and a negative net margin of 6.26%.

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.