Nestlé S.A. (OTCMKTS:NSRGF) Sees Large Decline in Short Interest

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 2,805,400 shares, a drop of 19.1% from the August 31st total of 3,465,800 shares. Based on an average daily volume of 205,700 shares, the short-interest ratio is presently 13.6 days.

Institutional Trading of Nestlé

An institutional investor recently bought a new position in Nestlé stock. Garde Capital Inc. purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGF) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 996 shares of the company’s stock, valued at approximately $105,000. 27.22% of the stock is owned by hedge funds and other institutional investors.

Nestlé Price Performance

Shares of NSRGF stock traded up $1.20 during midday trading on Friday, reaching $100.45. 3,384 shares of the company traded hands, compared to its average volume of 44,628. The firm’s 50 day simple moving average is $103.08 and its two-hundred day simple moving average is $103.83. Nestlé has a 1-year low of $95.73 and a 1-year high of $117.52.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.