Nestlé S.A. (OTCMKTS:NSRGF – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,377,659 shares, a decline of 33.0% from the May 14th total of 2,056,910 shares. Based on an average daily trading volume, of 13,271 shares, the days-to-cover ratio is presently 103.8 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Generali Investments CEE investicni spolecnost a.s. grew its holdings in Nestlé by 2.8% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 26,044 shares of the company’s stock valued at $2,588,000 after buying an additional 718 shares in the last quarter. Saranac Partners Ltd bought a new stake in shares of Nestlé during the 3rd quarter valued at about $136,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Nestlé during the 4th quarter valued at about $110,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.
Nestlé Stock Down 0.7%
NSRGF stock opened at $97.50 on Tuesday. Nestlé has a twelve month low of $85.00 and a twelve month high of $109.37. The stock has a 50-day simple moving average of $98.96 and a two-hundred day simple moving average of $98.83.
About Nestlé
Nestlé SA is a Swiss multinational food and beverage company known for a diverse portfolio of products spanning powdered and liquid beverages, dairy products, infant nutrition, pet care, confectionery, bottled water and prepared foods. The company’s well-recognized brands include Nescafé, Nespresso, KitKat, Purina, Gerber, Maggi and Perrier. Nestlé also operates in specialized nutrition and health science, offering medical-nutrition products and weight-management solutions through its Nutrition division.
Founded in 1866 by pharmacist Henri Nestlé, the company’s origins trace back to the invention of “Farine Lactée,” an early infant cereal.
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