Short Interest in Natural Alternatives International, Inc. (NASDAQ:NAII) Declines By 70.6%

Natural Alternatives International, Inc. (NASDAQ:NAII) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,317 shares, a decline of 70.6% from the August 15th total of 24,895 shares. Based on an average daily volume of 27,421 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natural Alternatives International in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Natural Alternatives International Trading Down 3.0%

Shares of Natural Alternatives International stock traded down $0.06 during trading on Friday, reaching $1.96. 8,387 shares of the stock were exchanged, compared to its average volume of 20,126. 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 firm has a market cap of $12.31 million, a price-to-earnings ratio of -0.82 and a beta of 0.36. Natural Alternatives International has a 1 year low of $1.94 and a 1 year high of $4.96. The stock’s fifty day moving average is $2.20 and its 200 day moving average is $2.48.

Institutional Investors Weigh In On Natural Alternatives International

Several institutional investors and hedge funds have recently bought and sold shares of NAII. Integrated Wealth Concepts LLC raised its holdings in shares of Natural Alternatives International by 267.4% during the second quarter. Integrated Wealth Concepts LLC now owns 44,093 shares of the company’s stock valued at $105,000 after acquiring an additional 32,093 shares in the last quarter. Renaissance Technologies LLC increased its position in Natural Alternatives International by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 302,756 shares of the company’s stock valued at $1,084,000 after purchasing an additional 10,900 shares during the period. Finally, DRW Securities LLC bought a new position in Natural Alternatives International in the 4th quarter worth $37,000. Hedge funds and other institutional investors 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.