Nu Skin Enterprises, Inc. (NYSE:NUS) Sees Large Decline in Short Interest

Nu Skin Enterprises, Inc. (NYSE:NUS - Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,160,000 shares, a drop of 28.0% from the December 15th total of 1,610,000 shares. Approximately 2.4% of the company's shares are short sold. Based on an average daily trading volume, of 832,300 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NUS shares. DA Davidson reduced their target price on shares of Nu Skin Enterprises from $11.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Citigroup dropped their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Nu Skin Enterprises from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Nu Skin Enterprises Stock Up 1.1 %

NYSE:NUS traded up $0.08 on Friday, reaching $7.01. The stock had a trading volume of 405,304 shares, compared to its average volume of 822,854. The company has a 50-day moving average of $7.19 and a 200 day moving average of $7.97. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. The stock has a market cap of $348.22 million, a P/E ratio of -3.38 and a beta of 1.19. Nu Skin Enterprises has a 12-month low of $5.95 and a 12-month high of $19.30.

Nu Skin Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 3.43%. Nu Skin Enterprises's dividend payout ratio (DPR) is presently -11.59%.

Hedge Funds Weigh In On Nu Skin Enterprises

A number of institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in shares of Nu Skin Enterprises in the 2nd quarter valued at about $47,000. Headlands Technologies LLC raised its stake in Nu Skin Enterprises by 1,428.0% during the second quarter. Headlands Technologies LLC now owns 6,937 shares of the company's stock valued at $73,000 after buying an additional 6,483 shares in the last quarter. Covestor Ltd lifted its holdings in Nu Skin Enterprises by 110.9% during the 3rd quarter. Covestor Ltd now owns 10,140 shares of the company's stock worth $75,000 after buying an additional 5,333 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Nu Skin Enterprises in the 3rd quarter worth approximately $77,000. Finally, Versor Investments LP bought a new stake in shares of Nu Skin Enterprises in the 3rd quarter valued at approximately $86,000. 82.84% of the stock is owned by institutional investors and hedge funds.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.