Short Interest in Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) Decreases By 58.9%


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Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 514,000 shares, a decline of 58.9% from the December 15th total of 1,250,000 shares. Currently, 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 142,900 shares, the days-to-cover ratio is presently 3.6 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGVC. Goldman Sachs Group Inc. increased its holdings in Natural Grocers by Vitamin Cottage by 205.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,260 shares of the specialty retailer’s stock valued at $1,358,000 after purchasing an additional 61,405 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Natural Grocers by Vitamin Cottage by 293.3% during the second quarter. Bank of America Corp DE now owns 34,471 shares of the specialty retailer’s stock valued at $513,000 after buying an additional 25,707 shares during the last quarter. PDT Partners LLC raised its holdings in shares of Natural Grocers by Vitamin Cottage by 10.2% during the second quarter. PDT Partners LLC now owns 16,000 shares of the specialty retailer’s stock valued at $238,000 after buying an additional 1,480 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Natural Grocers by Vitamin Cottage by 27.8% during the third quarter. WINTON GROUP Ltd now owns 13,557 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 2,949 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. raised its holdings in shares of Natural Grocers by Vitamin Cottage by 10,300.0% during the third quarter. Hussman Strategic Advisors Inc. now owns 52,000 shares of the specialty retailer’s stock valued at $513,000 after buying an additional 51,500 shares during the last quarter. Hedge funds and other institutional investors own 33.52% of the company’s stock.

Shares of NGVC traded up $0.28 during trading hours on Wednesday, hitting $14.74. The stock had a trading volume of 52,199 shares, compared to its average volume of 120,937. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 1.06. The firm has a market cap of $332.59 million, a P/E ratio of 16.43 and a beta of 1.36. The company’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $12.89. Natural Grocers by Vitamin Cottage has a 12-month low of $5.41 and a 12-month high of $17.39.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its earnings results on Thursday, November 19th. The specialty retailer reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $264.18 million for the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 12.07% and a net margin of 1.93%. As a group, sell-side analysts predict that Natural Grocers by Vitamin Cottage will post 0.65 earnings per share for the current fiscal year.

The business also recently declared a None dividend, which was paid on Wednesday, December 16th. Investors of record on Monday, November 30th were issued a $2.07 dividend. The ex-dividend date of this dividend was Friday, November 27th. This represents a yield of 1.9%. Natural Grocers by Vitamin Cottage’s dividend payout ratio is currently 31.46%.

A number of equities research analysts have recently commented on NGVC shares. BidaskClub upgraded shares of Natural Grocers by Vitamin Cottage from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Wolfe Research initiated coverage on shares of Natural Grocers by Vitamin Cottage in a report on Friday, October 9th. They issued an “outperform” rating and a $14.00 price target on the stock.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, bread, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.

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