Natural Alternatives International, Inc. (NASDAQ:NAII) Short Interest Update

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target 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 daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Natural Alternatives International in a report on Saturday. They issued a “buy” rating for the company.

Institutional Investors Weigh In On Natural Alternatives International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Natural Alternatives International by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,371 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Natural Alternatives International by 6.9% during 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 during the last quarter. Northern Trust Corp increased its position in Natural Alternatives International by 54.3% in the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after acquiring an additional 13,238 shares during the period. Citadel Advisors LLC purchased a new stake in Natural Alternatives International during the 4th quarter valued at approximately $61,000. Finally, Mink Brook Asset Management LLC acquired a new stake in Natural Alternatives International during the 4th quarter worth approximately $1,293,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Natural Alternatives International Price Performance

Shares of NAII traded down $0.06 during mid-day trading on Friday, hitting $2.69. 22,262 shares of the company were exchanged, compared to its average volume of 7,697. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70. Natural Alternatives International has a 1-year low of $2.70 and a 1-year high of $7.26. The stock has a market cap of $16.68 million, a price-to-earnings ratio of -2.09 and a beta of 0.60. The company has a 50 day moving average of $3.56 and a 200-day moving average of $4.09.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.37) earnings per share (EPS) for the quarter. Natural Alternatives International had a negative net margin of 6.26% and a negative return on equity of 9.36%. The business had revenue of $34.08 million for the quarter.

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.