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

Nestlé S.A. (OTCMKTS:NSRGF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 1,999,200 shares, a drop of 18.7% from the January 31st total of 2,459,300 shares. Based on an average trading volume of 59,600 shares, the short-interest ratio is currently 33.5 days.

Nestlé Trading Up 3.0 %

OTCMKTS NSRGF opened at $98.86 on Tuesday. The company has a fifty day moving average price of $85.79 and a 200-day moving average price of $92.04. Nestlé has a 1 year low of $79.55 and a 1 year high of $110.96.

Institutional Investors Weigh In On Nestlé

A hedge fund recently bought a new stake in Nestlé stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Nestlé S.A. (OTCMKTS:NSRGF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $2,476,000. 27.22% of the stock is owned by hedge funds and other institutional investors.

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.