Natural Health Trends Corp. (NASDAQ:NHTC) Sees Significant Decline in Short Interest

Natural Health Trends Corp. (NASDAQ:NHTC) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 34,700 shares, a drop of 30.0% from the August 15th total of 49,600 shares. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the shares of the company are short sold.

NHTC stock opened at $6.00 on Thursday. The firm has a market cap of $68.54 million, a PE ratio of -13.64 and a beta of 1.22. The firm’s fifty day moving average is $5.72 and its 200 day moving average is $5.09. Natural Health Trends has a one year low of $2.52 and a one year high of $8.50.

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.80 annualized dividend and a yield of 13.33%.

A hedge fund recently bought a new stake in Natural Health Trends stock. Bank of New York Mellon Corp bought a new stake in Natural Health Trends Corp. (NASDAQ:NHTC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,758 shares of the company’s stock, valued at approximately $52,000. Bank of New York Mellon Corp owned 0.14% of Natural Health Trends as of its most recent SEC filing. Institutional investors own 15.43% of the company’s stock.

About Natural Health Trends

Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. The company's wellness products include liquid, encapsulated, tableted, and powder dietary and nutritional supplements, as well as vitamins and minerals; and herbal products comprise herbal supplements.

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