Trading Report: Today: The Hain Celestial Group Inc. (HAIN) Sees Large Decrease in Short Interest

Today: The Hain Celestial Group Inc. (HAIN) Sees Large Decrease in Short Interest

The Hain Celestial Group Inc. (NASDAQ:HAIN) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 8,037,102 shares, a drop of 15.8% from the October 31st total of 9,548,960 shares. Based on an average daily volume of 1,544,862 shares, the days-to-cover ratio is currently 5.2 days. Approximately 8.0% of the shares of the company are short sold.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 38.77 on Monday. The stock’s 50 day moving average price is $36.42 and its 200-day moving average price is $43.12. The Hain Celestial Group has a one year low of $33.12 and a one year high of $56.99. The stock has a market cap of $4.01 billion, a PE ratio of 19.40 and a beta of 0.93.

Several hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its stake in shares of The Hain Celestial Group by 37.5% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock valued at $109,000 after buying an additional 600 shares during the period. Commonwealth Bank of Australia purchased a new stake in shares of The Hain Celestial Group during the third quarter valued at $125,000. Huntington National Bank raised its stake in shares of The Hain Celestial Group by 69.4% in the second quarter. Huntington National Bank now owns 2,761 shares of the company’s stock valued at $137,000 after buying an additional 1,131 shares during the period. FineMark National Bank & Trust raised its stake in shares of The Hain Celestial Group by 501.8% in the third quarter. FineMark National Bank & Trust now owns 3,990 shares of the company’s stock valued at $142,000 after buying an additional 3,327 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of The Hain Celestial Group by 40.0% in the second quarter. IFP Advisors Inc now owns 2,983 shares of the company’s stock valued at $148,000 after buying an additional 853 shares during the period. Institutional investors and hedge funds own 83.69% of the company’s stock.

Several brokerages recently weighed in on HAIN. JPMorgan Chase & Co. decreased their price target on The Hain Celestial Group from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, August 16th. TheStreet downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Barclays PLC downgraded The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $51.00 to $43.00 in a report on Tuesday, August 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of The Hain Celestial Group in a report on Tuesday, August 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $50.00 target price on shares of The Hain Celestial Group in a report on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $46.43.

About The Hain Celestial Group

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