Natural Alternatives International, Inc. (NASDAQ:NAII) Short Interest Down 70.6% in August

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,317 shares, a decline of 70.6% from the August 15th total of 24,895 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 27,421 shares, the short-interest ratio is presently 0.3 days.

Natural Alternatives International Price Performance

NASDAQ NAII traded down $0.06 during trading on Friday, hitting $1.96. 8,387 shares of the company’s stock were exchanged, compared to its average volume of 20,126. The company has a market cap of $12.30 million, a PE ratio of -0.82 and a beta of 0.36. The company has a current ratio of 1.64, a quick ratio of 0.87 and a debt-to-equity ratio of 0.13. Natural Alternatives International has a fifty-two week low of $1.94 and a fifty-two week high of $4.96. The stock’s 50 day moving average price is $2.20 and its two-hundred day moving average price is $2.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natural Alternatives International in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its holdings in Natural Alternatives International by 267.4% in the second quarter. Integrated Wealth Concepts LLC now owns 44,093 shares of the company’s stock worth $105,000 after purchasing an additional 32,093 shares in the last quarter. DRW Securities LLC bought a new stake in shares of Natural Alternatives International in the 4th quarter valued at $37,000. Finally, Renaissance Technologies LLC increased its stake in shares of Natural Alternatives International by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 302,756 shares of the company’s stock valued at $1,084,000 after acquiring an additional 10,900 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

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.