Natural Alternatives International, Inc. (NASDAQ:NAII) Short Interest Up 54.3% in October

Natural Alternatives International, Inc. (NASDAQ:NAII) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 12,500 shares, a growth of 54.3% from the September 30th total of 8,100 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s stock are sold short.

Separately, TheStreet downgraded shares of Natural Alternatives International from a “b-” rating to a “c+” rating in a report on Thursday, September 26th.

NAII traded up $0.19 during mid-day trading on Wednesday, reaching $8.98. 8 shares of the stock were exchanged, compared to its average volume of 4,300. The stock has a market capitalization of $63.79 million, a PE ratio of 9.67 and a beta of 0.27. The company has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $10.75. Natural Alternatives International has a 1 year low of $8.00 and a 1 year high of $14.25.

Natural Alternatives International (NASDAQ:NAII) last posted its quarterly earnings data on Tuesday, September 24th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $30.26 million for the quarter. Natural Alternatives International had a return on equity of 8.72% and a net margin of 4.73%.

A number of institutional investors and hedge funds have recently bought and sold shares of NAII. LSV Asset Management acquired a new stake in Natural Alternatives International in the 2nd quarter valued at $69,000. Perritt Capital Management Inc. grew its position in Natural Alternatives International by 7.1% in the 2nd quarter. Perritt Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $200,000 after purchasing an additional 1,140 shares during the period. BlackRock Inc. grew its position in Natural Alternatives International by 7.7% in the 2nd quarter. BlackRock Inc. now owns 17,497 shares of the company’s stock valued at $204,000 after purchasing an additional 1,247 shares during the period. Vanguard Group Inc. grew its position in Natural Alternatives International by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 274,344 shares of the company’s stock valued at $3,199,000 after purchasing an additional 1,700 shares during the period. Finally, Wedbush Securities Inc. grew its position in Natural Alternatives International by 9.5% in the 3rd quarter. Wedbush Securities Inc. now owns 156,171 shares of the company’s stock valued at $1,304,000 after purchasing an additional 13,492 shares during the period. 33.50% of the stock is currently owned by hedge funds and other institutional investors.

Natural Alternatives International Company Profile

Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States and internationally. It operates through two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. The company 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.

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