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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Natural Alternatives International in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Natural Alternatives International presently has a consensus rating of “Sell”.

Natural Alternatives International Stock Down 3.0%

Natural Alternatives International stock traded down $0.06 on Friday, hitting $1.96. 8,387 shares of the stock traded hands, compared to its average volume of 20,126. The business’s fifty day simple moving average is $2.20 and its 200 day simple moving average is $2.48. The firm has a market cap of $12.31 million, a P/E 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 1 year low of $1.94 and a 1 year high of $4.96.

Institutional Investors Weigh In On Natural Alternatives International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in shares of Natural Alternatives International by 267.4% during the second quarter. Integrated Wealth Concepts LLC now owns 44,093 shares of the company’s stock worth $105,000 after buying an additional 32,093 shares during the last quarter. DRW Securities LLC bought a new stake in Natural Alternatives International in the fourth quarter valued at approximately $37,000. Finally, Renaissance Technologies LLC increased its position in shares of Natural Alternatives International by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 302,756 shares of the company’s stock worth $1,084,000 after buying an additional 10,900 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.