Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Decreases By 23.3%

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 2,151,300 shares, a decrease of 23.3% from the September 15th total of 2,805,400 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is presently 139.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nestlé stock. Garde Capital Inc. acquired a new stake in Nestlé S.A. (OTCMKTS:NSRGF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 996 shares of the company’s stock, valued at approximately $105,000. 27.22% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Trading Down 0.8 %

Shares of Nestlé stock opened at $97.50 on Tuesday. Nestlé has a 52 week low of $95.25 and a 52 week high of $117.52. The firm’s 50 day moving average is $102.27 and its two-hundred day moving average is $103.21.

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.