Short Interest in Natura &Co Holding S.A. (NYSE:NTCO) Decreases By 36.1%

Natura &Co Holding S.A. (NYSE:NTCOGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 888,900 shares, a decrease of 36.1% from the April 15th total of 1,390,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Natura &Co from a “hold” rating to a “sell” rating in a research note on Thursday, March 17th. JPMorgan Chase & Co. upgraded shares of Natura &Co from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.67.

Hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC acquired a new stake in Natura &Co during the first quarter valued at $25,000. Signaturefd LLC grew its position in Natura &Co by 84.9% during the fourth quarter. Signaturefd LLC now owns 5,842 shares of the company’s stock valued at $54,000 after buying an additional 2,682 shares during the period. PNC Financial Services Group Inc. grew its position in Natura &Co by 86.1% during the third quarter. PNC Financial Services Group Inc. now owns 4,006 shares of the company’s stock valued at $68,000 after buying an additional 1,853 shares during the period. Quadrant Capital Group LLC grew its position in shares of Natura &Co by 295.6% in the first quarter. Quadrant Capital Group LLC now owns 9,229 shares of the company’s stock valued at $101,000 after purchasing an additional 6,896 shares during the period. Finally, Legacy Wealth Asset Management LLC acquired a new stake in shares of Natura &Co in the fourth quarter valued at about $107,000. Institutional investors own 3.90% of the company’s stock.

NTCO stock opened at $6.96 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 1.03. The firm’s fifty day moving average is $9.28 and its 200 day moving average is $9.56. Natura &Co has a one year low of $5.85 and a one year high of $23.73.

About Natura &Co (Get Rating)

Natura &Co Holding SA develops, manufactures, distributes, and sells cosmetics, fragrances, and personal hygiene products. The company's products portfolio includes body care, face care, makeup, soaps, hair care, deodorants, oils, and other products, as well as deodorants, men's grooming, and sun protection products.

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