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

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

Hedge Funds Weigh In On Natural Alternatives International

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 2,371 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $258,000 after acquiring an additional 2,915 shares during the last quarter. Northern Trust Corp grew its position in Natural Alternatives International by 54.3% in the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after acquiring an additional 13,238 shares during the last quarter. Citadel Advisors LLC bought a new position in Natural Alternatives International in the 4th quarter valued at $61,000. Finally, Mink Brook Asset Management LLC bought a new position in Natural Alternatives International in the 4th quarter valued at $1,293,000. Institutional investors own 32.40% of the company’s stock.

Natural Alternatives International Stock Performance

NASDAQ NAII traded down $0.08 during trading hours on Friday, hitting $3.50. The company’s stock had a trading volume of 6,979 shares, compared to its average volume of 7,011. Natural Alternatives International has a 12 month low of $3.27 and a 12 month high of $7.26. The company’s 50 day simple moving average is $4.09 and its two-hundred day simple moving average is $4.63. The company has a market cap of $21.70 million, a P/E ratio of -2.71 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.70 and a quick ratio of 1.50.

Natural Alternatives International (NASDAQ:NAII) last released its quarterly earnings results 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 firm had revenue of $34.08 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of 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.