Short Interest in Natural Alternatives International, Inc. (NASDAQ:NAII) Increases By 350.7%

Natural Alternatives International, Inc. (NASDAQ:NAII) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,535 shares, an increase of 350.7% from the February 12th total of 1,228 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 27,627 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 27,627 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Natural Alternatives International

An institutional investor recently raised its position in Natural Alternatives International stock. Renaissance Technologies LLC raised its stake in Natural Alternatives International, Inc. (NASDAQ:NAII) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 302,756 shares of the company’s stock after acquiring an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned about 4.90% of Natural Alternatives International worth $1,084,000 at the end of the most recent reporting period. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Natural Alternatives International in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Natural Alternatives International currently has an average rating of “Sell”.

Natural Alternatives International Stock Performance

Shares of NASDAQ:NAII traded down $0.01 during trading on Wednesday, reaching $2.74. The company had a trading volume of 4,542 shares, compared to its average volume of 19,028. The stock’s fifty day moving average price is $3.57 and its 200 day moving average price is $3.29. The firm has a market capitalization of $16.91 million, a price-to-earnings ratio of -1.34 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.87 and a quick ratio of 0.85. Natural Alternatives International has a fifty-two week low of $2.33 and a fifty-two week high of $4.96.

Natural Alternatives International (NASDAQ:NAII) last released its earnings results on Friday, February 13th. The company reported ($0.42) EPS for the quarter. Natural Alternatives International had a negative return on equity of 8.60% and a negative net margin of 9.06%.The firm had revenue of $34.80 million during the quarter.

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.