Natural Alternatives International, Inc. (NASDAQ:NAII – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,317 shares, a drop of 70.6% from the August 15th total of 24,895 shares. Based on an average trading volume of 27,421 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.
Natural Alternatives International Stock Performance
NASDAQ:NAII remained flat at $1.96 on Monday. 35,846 shares of the company traded hands, compared to its average volume of 19,659. Natural Alternatives International has a fifty-two week low of $1.90 and a fifty-two week high of $4.96. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $12.31 million, a PE ratio of -0.82 and a beta of 0.36. The company’s 50 day moving average price is $2.19 and its 200 day moving average price is $2.48.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Natural Alternatives International in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Natural Alternatives International currently has an average rating of “Sell”.
Institutional Trading of Natural Alternatives International
A hedge fund recently raised its stake in Natural Alternatives International stock. Integrated Wealth Concepts LLC boosted its holdings in shares of Natural Alternatives International, Inc. (NASDAQ:NAII – Free Report) by 267.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,093 shares of the company’s stock after acquiring an additional 32,093 shares during the quarter. Integrated Wealth Concepts LLC owned 0.70% of Natural Alternatives International worth $105,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.
About Natural Alternatives International
Natural Alternatives International, Inc (NASDAQ: NAII) is a developer and contract manufacturer of nutritional supplements and related health products. Founded in 1980 and headquartered in Carlsbad, California, the company specializes in turnkey solutions for dietary supplement and functional food brands, combining scientific research with large-scale production capabilities.
NAII’s product portfolio spans a wide range of dosage forms, including softgels, tablets, capsules, powders, effervescent drink mixes and chewables.
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