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

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

Institutional Investors Weigh In On Natural Alternatives International

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Natural Alternatives International in the fourth quarter valued at about $61,000. Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 13,238 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Natural Alternatives International by 6.9% during 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 in the last quarter. Mink Brook Asset Management LLC acquired a new stake in shares of Natural Alternatives International in the 4th quarter worth approximately $1,293,000. Finally, 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 valued at $1,841,000 after purchasing an additional 2,371 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Natural Alternatives International Stock Performance

NASDAQ NAII traded up $0.05 during trading hours on Friday, hitting $3.50. 10,494 shares of the stock were exchanged, compared to its average volume of 7,277. The company has a quick ratio of 1.50, a current ratio of 2.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $21.70 million, a price-to-earnings ratio of -2.71 and a beta of 0.60. Natural Alternatives International has a 12-month low of $3.27 and a 12-month high of $7.26. The stock has a 50-day moving average of $3.96 and a 200 day moving average of $4.47.

Natural Alternatives International (NASDAQ:NAII) last issued its earnings results on Friday, February 14th. The company reported ($0.37) earnings per share (EPS) for the quarter. Natural Alternatives International had a negative return on equity of 9.36% and a negative net margin of 6.26%. The business had revenue of $34.08 million for the quarter.

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.