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

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 1,161,900 shares, a decline of 30.8% from the September 15th total of 1,679,900 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is presently 83.0 days. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is presently 83.0 days.

Nestlé Price Performance

Shares of NSRGF opened at $99.85 on Friday. The business’s 50 day moving average price is $93.84 and its 200-day moving average price is $97.88. Nestlé has a 52 week low of $79.55 and a 52 week high of $109.35.

Institutional Trading of Nestlé

A hedge fund recently bought a new stake in Nestlé stock. Stonebridge Capital Management Inc. purchased a new position in Nestlé S.A. (OTCMKTS:NSRGF) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,000 shares of the company’s stock, valued at approximately $202,000. 27.22% of the stock is currently owned by hedge funds and other institutional investors.

About Nestlé

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.