Natural Health Trends Corp. (NASDAQ:NHTC) Short Interest Update

Key Points

• Natural Health Trends Corp. experienced a significant increase in short interest in August 2023, rising by 46.2% to a total of 34,200 shares.
• Institutional investors hold 10.13% of the company's stock, with notable increases in holdings by Dimensional Fund Advisors, Millennium Management, and Osaic Holdings.
• The company announced a quarterly dividend of $0.20, translating to an annualized yield of 17.4%, despite a high payout ratio of 2,666.67%.

Natural Health Trends Corp. (NASDAQ:NHTC - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 34,200 shares, anincreaseof46.2% from the July 31st total of 23,400 shares. Based on an average daily volume of 26,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately0.5% of the shares of the company are short sold. Approximately0.5% of the shares of the company are short sold. Based on an average daily volume of 26,600 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Natural Health Trends

Several hedge funds and other institutional investors have recently modified their holdings of NHTC. Dimensional Fund Advisors LP boosted its stake in shares of Natural Health Trends by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 43,760 shares of the company's stock worth $202,000 after buying an additional 2,274 shares during the last quarter. Millennium Management LLC raised its holdings in Natural Health Trends by 51.4% in the 4th quarter. Millennium Management LLC now owns 16,108 shares of the company's stock worth $74,000 after purchasing an additional 5,467 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Natural Health Trends by 536,392.2% during the 2nd quarter. Osaic Holdings Inc. now owns 413,099 shares of the company's stock valued at $1,789,000 after acquiring an additional 413,022 shares during the period. 10.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Natural Health Trends in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock.

Natural Health Trends Stock Performance

Shares of NASDAQ:NHTC traded up $0.15 during trading on Friday, reaching $4.61. 36,533 shares of the stock traded hands, compared to its average volume of 45,015. The stock has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.75. Natural Health Trends has a 52-week low of $4.02 and a 52-week high of $6.89. The stock has a market cap of $53.06 million, a P/E ratio of 153.72 and a beta of 0.67.

Natural Health Trends Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Tuesday, August 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 17.4%. The ex-dividend date of this dividend was Tuesday, August 12th. Natural Health Trends's payout ratio is 2,666.67%.

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 offers wellness products, including liquid, encapsulated, tableted and powder dietary and nutritional supplements, vitamins, and minerals; and herbal products comprising herbal supplements.

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