Nestlé S.A. (OTCMKTS:NSRGF) Short Interest Update

by · The Cerbat Gem

Nestlé S.A. (OTCMKTS:NSRGF – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,739,700 shares, a decrease of 19.1% from the September 30th total of 2,151,300 shares. Based on an average daily trading volume, of 310,000 shares, the short-interest ratio is currently 5.6 days.

Hedge Funds Weigh In On 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 – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 996 shares of the company’s stock, valued at approximately $105,000. 27.22% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

Shares of NSRGF stock traded down $1.41 during trading hours on Wednesday, hitting $95.05. 667,303 shares of the company were exchanged, compared to its average volume of 54,141. Nestlé has a one year low of $93.36 and a one year high of $117.52. The business’s 50-day simple moving average is $101.02 and its two-hundred day simple moving average is $102.70.

Nestlé Company Profile

(Get Free Report)

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.

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