Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) Short Interest Down 5.3% in June

Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,137,400 shares, a decline of 5.3% from the May 30th total of 1,200,800 shares. Based on an average daily volume of 102,600 shares, the days-to-cover ratio is presently 11.1 days. Approximately 12.7% of the shares of the company are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 23.8% during the first quarter. Victory Capital Management Inc. now owns 11,908 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,288 shares in the last quarter. Rhumbline Advisers acquired a new position in Natural Grocers by Vitamin Cottage in the fourth quarter valued at about $191,000. Squarepoint Ops LLC acquired a new position in Natural Grocers by Vitamin Cottage in the fourth quarter valued at about $197,000. Bank of Montreal Can raised its stake in Natural Grocers by Vitamin Cottage by 109.0% in the first quarter. Bank of Montreal Can now owns 19,692 shares of the specialty retailer’s stock valued at $235,000 after purchasing an additional 10,271 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new position in Natural Grocers by Vitamin Cottage in the first quarter valued at about $253,000. 37.54% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.25.

NGVC stock opened at $9.96 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.23 and a current ratio of 1.43. The stock’s fifty day moving average is $10.23. Natural Grocers by Vitamin Cottage has a one year low of $9.43 and a one year high of $24.50. The company has a market capitalization of $223.49 million, a PE ratio of 26.92 and a beta of 1.07.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its earnings results on Thursday, May 2nd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Natural Grocers by Vitamin Cottage had a return on equity of 6.83% and a net margin of 1.15%. The company had revenue of $230.45 million during the quarter. Research analysts expect that Natural Grocers by Vitamin Cottage will post 0.38 EPS for the current fiscal year.

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; 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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