Natural Alternatives International, Inc. (NASDAQ:NAII) Short Interest Down 17.8% in March

Natural Alternatives International, Inc. (NASDAQ:NAII) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,700 shares, a decrease of 17.8% from the March 15th total of 4,500 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Natural Alternatives International in a research note on Saturday. They issued a “buy” rating on the stock.

Natural Alternatives International Trading Down 6.1 %

NASDAQ:NAII traded down $0.17 during trading hours on Monday, hitting $2.61. 23,106 shares of the company were exchanged, compared to its average volume of 7,759. The stock has a market capitalization of $16.18 million, a price-to-earnings ratio of -2.02 and a beta of 0.60. The company has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $4.09. The company has a current ratio of 2.70, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11. Natural Alternatives International has a one year low of $2.63 and a one year high of $7.26.

Natural Alternatives International (NASDAQ:NAII) last posted 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 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.

Hedge Funds Weigh In On Natural Alternatives International

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Natural Alternatives International by 6.9% in the third quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock worth $258,000 after buying an additional 2,915 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Natural Alternatives International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock worth $1,841,000 after buying an additional 2,371 shares during the period. Northern Trust Corp grew its holdings in Natural Alternatives International by 54.3% in 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 during the last quarter. Citadel Advisors LLC bought a new position in Natural Alternatives International during the 4th quarter valued at approximately $61,000. Finally, Mink Brook Asset Management LLC bought a new position in shares of Natural Alternatives International during the fourth quarter valued at approximately $1,293,000. Institutional investors own 32.40% of the company’s stock.

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.