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

Natural Health Trends Corp. (NASDAQ:NHTC) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 610,700 shares, a decline of 10.3% from the January 15th total of 681,200 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is currently 16.9 days. Approximately 8.7% of the shares of the company are sold short.

NHTC stock traded up $0.05 during midday trading on Friday, hitting $4.21. The company’s stock had a trading volume of 24,431 shares. The stock’s 50-day moving average price is $4.69 and its 200 day moving average price is $6.33. Natural Health Trends has a 1 year low of $3.35 and a 1 year high of $16.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 25th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.80 annualized dividend and a yield of 19.00%.

A number of hedge funds have recently bought and sold shares of NHTC. Morgan Stanley lifted its position in shares of Natural Health Trends by 292.2% during the 2nd quarter. Morgan Stanley now owns 334,295 shares of the company’s stock valued at $2,691,000 after buying an additional 249,065 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Natural Health Trends during the 3rd quarter valued at $206,000. Renaissance Technologies LLC lifted its position in shares of Natural Health Trends by 2.8% during the 4th quarter. Renaissance Technologies LLC now owns 891,017 shares of the company’s stock valued at $4,794,000 after buying an additional 24,300 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Natural Health Trends during the 4th quarter valued at $108,000. Finally, Denali Advisors LLC lifted its position in shares of Natural Health Trends by 2,901.0% during the 4th quarter. Denali Advisors LLC now owns 8,793 shares of the company’s stock valued at $47,000 after buying an additional 8,500 shares during the last quarter. 22.66% of the stock is currently owned by institutional investors and hedge funds.

Natural Health Trends Company Profile

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.

Featured Article: Why does a company issue an IPO?

Receive News & Ratings for Natural Health Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Health Trends and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit