Youngevity International Inc (NASDAQ:YGYI) Short Interest Down 7.3% in October

Youngevity International Inc (NASDAQ:YGYI) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,150,000 shares, a decline of 7.3% from the September 30th total of 1,240,000 shares. Currently, 7.7% of the company’s stock are short sold. Based on an average daily trading volume, of 49,000 shares, the short-interest ratio is currently 23.5 days.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Youngevity International by 2,064.8% during the second quarter. BlackRock Inc. now owns 514,737 shares of the company’s stock valued at $2,934,000 after buying an additional 490,959 shares during the period. Vanguard Group Inc. raised its position in Youngevity International by 18.5% during the second quarter. Vanguard Group Inc. now owns 474,118 shares of the company’s stock valued at $2,702,000 after buying an additional 74,183 shares during the period. 1492 Capital Management LLC raised its position in Youngevity International by 347.8% during the second quarter. 1492 Capital Management LLC now owns 107,313 shares of the company’s stock valued at $612,000 after buying an additional 83,348 shares during the period. Northern Trust Corp raised its position in Youngevity International by 37.8% during the second quarter. Northern Trust Corp now owns 25,231 shares of the company’s stock valued at $144,000 after buying an additional 6,926 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in Youngevity International during the second quarter valued at $98,000. 6.93% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Youngevity International from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

NASDAQ:YGYI opened at $4.04 on Monday. Youngevity International has a 1-year low of $3.70 and a 1-year high of $9.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 0.82. The business’s fifty day moving average price is $4.53 and its 200 day moving average price is $5.09.

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.203 per share. This represents a $2.44 annualized dividend and a yield of 60.30%. The ex-dividend date was Wednesday, October 30th.

About Youngevity International

Youngevity International, Inc develops and distributes health and nutrition related products and services through independent direct selling network in the United States and internationally. It operates in two segments, Direct Selling and Commercial Coffee. The company offers approximately 5,500 products, including nutritional, vitamin, mineral, herbal, liquid, and dietary supplements; apparel; fashion and jewelry accessories; digital products; and packaged foods.

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