Natural Health Trends Corp. (NASDAQ:NHTC) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 1,976,100 shares, a decrease of 6.4% from the May 30th total of 2,111,000 shares. Based on an average daily trading volume, of 160,200 shares, the days-to-cover ratio is presently 12.3 days. Approximately 27.1% of the shares of the company are short sold.
Separately, TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th.
A number of hedge funds and other institutional investors have recently modified their holdings of NHTC. Meeder Asset Management Inc. boosted its stake in Natural Health Trends by 2,567.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,134 shares of the company’s stock valued at $29,000 after purchasing an additional 2,054 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Natural Health Trends during the 1st quarter valued at $130,000. Denali Advisors LLC lifted its position in shares of Natural Health Trends by 5,933.5% during the 1st quarter. Denali Advisors LLC now owns 10,257 shares of the company’s stock valued at $133,000 after acquiring an additional 10,087 shares during the last quarter. Mackay Shields LLC acquired a new stake in shares of Natural Health Trends during the 4th quarter valued at $231,000. Finally, Bank of America Corp DE lifted its position in shares of Natural Health Trends by 22.3% during the 4th quarter. Bank of America Corp DE now owns 12,922 shares of the company’s stock valued at $239,000 after acquiring an additional 2,359 shares during the last quarter. 45.36% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ NHTC opened at $6.69 on Friday. The firm’s fifty day moving average price is $8.62. The company has a current ratio of 3.79, a quick ratio of 3.45 and a debt-to-equity ratio of 0.03. The company has a market cap of $75.10 million, a price-to-earnings ratio of 3.74 and a beta of 1.11. Natural Health Trends has a 1 year low of $6.60 and a 1 year high of $27.23.
Natural Health Trends (NASDAQ:NHTC) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $19.33 million for the quarter. Natural Health Trends had a net margin of 12.77% and a return on equity of 23.22%.
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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