The Hain Celestial Group Inc. (NASDAQ:HAIN) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 9,422,489 shares, an increase of 21.0% from the August 15th total of 7,785,247 shares. Based on an average daily trading volume, of 7,557,841 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.3% of the company’s stock are sold short.

A number of research firms have issued reports on HAIN. Wedbush lowered shares of The Hain Celestial Group from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $51.00 to $37.00 in a report on Tuesday, August 16th. Jefferies Group dropped their price objective on shares of The Hain Celestial Group from $57.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, August 16th. Piper Jaffray Cos. downgraded shares of The Hain Celestial Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $43.00 to $35.00 in a research report on Tuesday, August 16th. Oppenheimer Holdings Inc. dropped their price objective on shares of The Hain Celestial Group from $52.00 to $45.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.02.

The Hain Celestial Group (NASDAQ:HAIN) opened at 34.75 on Wednesday. The Hain Celestial Group has a 12 month low of $33.12 and a 12 month high of $56.99. The firm’s 50-day moving average is $41.26 and its 200 day moving average is $45.04. The stock has a market capitalization of $3.59 billion, a P/E ratio of 17.39 and a beta of 0.89.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its position in The Hain Celestial Group by 37.5% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $109,000 after buying an additional 600 shares during the last quarter. Huntington National Bank boosted its position in The Hain Celestial Group by 69.4% in the second quarter. Huntington National Bank now owns 2,761 shares of the company’s stock worth $137,000 after buying an additional 1,131 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in The Hain Celestial Group during the first quarter worth approximately $139,000. IFP Advisors Inc boosted its position in The Hain Celestial Group by 40.0% in the second quarter. IFP Advisors Inc now owns 2,983 shares of the company’s stock worth $148,000 after buying an additional 853 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in The Hain Celestial Group by 36.5% in the second quarter. Krilogy Financial LLC now owns 3,550 shares of the company’s stock worth $177,000 after buying an additional 950 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Company’s brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Europe’s Best, Farmhouse Fare, Frank Cooper’s, Gale’s, Garden of Eatin’, GG UniqueFiber, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co, Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co, Rice Dream, Robertson’s, Rudi’s Organic Bakery, Rudi’s Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others.

5 Day Chart for NASDAQ:HAIN

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