Natural Alternatives International, Inc. (NASDAQ:NAII) Stock Short Interest Drops 47.8%

Natural Alternatives International, Inc. (NASDAQ:NAII) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,864 shares, a decline of 47.8% from the September 15th total of 13,142 shares. Based on an average trading volume of 24,141 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Natural Alternatives International stock. Integrated Wealth Concepts LLC grew its position in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 267.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,093 shares of the company’s stock after purchasing an additional 32,093 shares during the period. Integrated Wealth Concepts LLC owned 0.70% of Natural Alternatives International worth $105,000 at the end of the most recent quarter. Institutional investors own 32.40% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut Natural Alternatives International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Natural Alternatives International currently has an average rating of “Sell”.

Natural Alternatives International Price Performance

Natural Alternatives International stock traded up $0.03 during mid-day trading on Friday, reaching $1.15. The company had a trading volume of 25,549 shares, compared to its average volume of 28,788. The stock’s 50-day simple moving average is $1.85 and its 200-day simple moving average is $2.28. Natural Alternatives International has a 1 year low of $1.08 and a 1 year high of $4.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.73 and a quick ratio of 0.92. The company has a market capitalization of $7.20 million, a P/E ratio of -0.34 and a beta of 0.35.

Natural Alternatives International (NASDAQ:NAII) last issued its quarterly earnings data on Monday, September 28th. The company reported ($0.52) earnings per share (EPS) for the quarter. Natural Alternatives International had a negative return on equity of 16.51% and a negative net margin of 14.52%. The firm had revenue of $34.51 million for the quarter.

Natural Alternatives International Company Profile

Natural Alternatives International, Inc (NASDAQ: NAII) is a contract manufacturer and developer of nutritional supplements. The company provides research, product formulation, manufacturing, packaging and related services for dietary supplement and sports nutrition companies, producing products such as capsules, tablets, powders and other specialized supplement formats.

NAI also develops and markets branded ingredients and supplement products. Its portfolio has included CarnoSyn beta-alanine, an ingredient used in sports nutrition products, and Kre-Alkalyn, a buffered creatine formulation.