The Hain Celestial Group Inc. (NASDAQ:HAIN) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 8,037,102 shares, a drop of 15.8% from the October 31st total of 9,548,960 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average trading volume of 1,544,862 shares, the days-to-cover ratio is currently 5.2 days.

Several hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group during the third quarter valued at about $246,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of The Hain Celestial Group during the third quarter valued at about $4,072,000. Ameritas Investment Partners Inc. boosted its stake in shares of The Hain Celestial Group by 89.7% in the third quarter. Ameritas Investment Partners Inc. now owns 32,164 shares of the company’s stock valued at $1,144,000 after buying an additional 15,207 shares in the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of The Hain Celestial Group by 19.5% in the third quarter. Pioneer Investment Management Inc. now owns 158,424 shares of the company’s stock valued at $5,637,000 after buying an additional 25,797 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. acquired a new stake in shares of The Hain Celestial Group during the third quarter valued at about $267,000. 83.69% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on HAIN shares. Wedbush lowered shares of The Hain Celestial Group from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $51.00 to $37.00 in a report on Tuesday, August 16th. Barclays PLC lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $51.00 to $43.00 in a report on Tuesday, August 16th. SunTrust Banks Inc. lowered shares of The Hain Celestial Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $40.00 in a report on Tuesday, August 16th. Piper Jaffray Cos. lowered shares of The Hain Celestial Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $43.00 to $35.00 in a report on Tuesday, August 16th. Finally, Atlantic Securities lowered shares of The Hain Celestial Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $48.00 to $40.00 in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.43.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 38.77 on Monday. The stock has a market cap of $4.01 billion, a P/E ratio of 19.40 and a beta of 0.93. The firm’s 50-day moving average is $36.42 and its 200 day moving average is $43.12. The Hain Celestial Group has a 52-week low of $33.12 and a 52-week high of $56.99.

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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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