The Hain Celestial Group Inc. (NASDAQ:HAIN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,422,489 shares, an increase of 21.0% from the August 15th total of 7,785,247 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,557,841 shares, the days-to-cover ratio is presently 1.2 days.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in The Hain Celestial Group by 89.5% in the first quarter. Aperio Group LLC now owns 41,285 shares of the company’s stock worth $1,689,000 after buying an additional 19,493 shares during the period. Commonwealth Equity Services Inc raised its stake in The Hain Celestial Group by 14.2% in the first quarter. Commonwealth Equity Services Inc now owns 35,626 shares of the company’s stock worth $1,457,000 after buying an additional 4,418 shares during the period. Telemus Capital LLC acquired a new stake in The Hain Celestial Group during the first quarter worth about $874,000. Apex Capital Management raised its stake in The Hain Celestial Group by 46.1% in the first quarter. Apex Capital Management now owns 1,149,263 shares of the company’s stock worth $47,016,000 after buying an additional 362,622 shares during the period. Finally, Douglas Lane & Associates LLC acquired a new stake in The Hain Celestial Group during the first quarter worth about $20,066,000. Institutional investors own 83.79% of the company’s stock.

Several equities analysts recently issued reports on HAIN shares. Zacks Investment Research raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, July 5th. Bank of America Corp. reissued a “buy” rating on shares of The Hain Celestial Group in a report on Thursday, June 9th. TheStreet raised shares of The Hain Celestial Group to a “buy” rating in a report on Thursday, May 26th. Jefferies Group cut their price objective on shares of The Hain Celestial Group from $57.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, August 16th. Finally, Wunderlich reissued a “buy” rating and set a $52.00 price objective on shares of The Hain Celestial Group in a report on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.02.

The Hain Celestial Group (NASDAQ:HAIN) opened at 34.75 on Wednesday. The company’s 50-day moving average is $41.26 and its 200-day moving average is $45.04. The firm has a market capitalization of $3.59 billion, a P/E ratio of 17.39 and a beta of 0.89. The Hain Celestial Group has a 52-week low of $33.12 and a 52-week high of $56.99.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Company’s brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Europe’s Best, Farmhouse Fare, Frank Cooper’s, Gale’s, Garden of Eatin’, GG UniqueFiber, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co, Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co, Rice Dream, Robertson’s, Rudi’s Organic Bakery, Rudi’s Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others.

5 Day Chart for NASDAQ:HAIN

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