Natural Alternatives International, Inc. (NASDAQ:NAII) Sees Large Drop in Short Interest

Natural Alternatives International, Inc. (NASDAQ:NAII) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,296 shares, a decrease of 37.4% from the September 30th total of 6,864 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 34,683 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Natural Alternatives International stock. Integrated Wealth Concepts LLC lifted its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 267.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,093 shares of the company’s stock after acquiring an additional 32,093 shares during the period. Integrated Wealth Concepts LLC owned 0.70% of Natural Alternatives International worth $105,000 as of its most recent SEC filing. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Natural Alternatives International Trading Down 0.9%

Shares of NAII traded down $0.01 during trading hours on Tuesday, reaching $1.06. 958 shares of the company traded hands, compared to its average volume of 28,057. The company’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $2.45. The company has a market capitalization of $6.64 million, a price-to-earnings ratio of -0.31 and a beta of 0.35. The company has a quick ratio of 0.92, a current ratio of 1.73 and a debt-to-equity ratio of 0.20. Natural Alternatives International has a 12 month low of $1.06 and a 12 month high of $4.96.

Natural Alternatives International (NASDAQ:NAII) last released its quarterly earnings results 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 company had revenue of $34.51 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Natural Alternatives International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Natural Alternatives International Company Profile

Natural Alternatives International, Inc is a contract manufacturer and developer of nutritional supplements. The company provides formulation, product development, sourcing, manufacturing, packaging and related services for customers in the dietary supplement, sports nutrition and health and wellness markets.

NAI produces a broad range of supplement formats and custom products, including vitamins, minerals, herbs, amino acids, protein-based products, tablets, capsules and powders. The company also develops and commercializes branded ingredients, including CarnoSyn beta-alanine, which is used in sports nutrition and performance-oriented formulations.

Founded in 1980, Natural Alternatives International serves customers in the United States and international markets through its manufacturing and product-development operations.