Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Decreases By 19.1%

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,805,400 shares, a decrease of 19.1% from the August 31st total of 3,465,800 shares. Based on an average trading volume of 205,700 shares, the short-interest ratio is currently 13.6 days.

Institutional Trading of Nestlé

A hedge fund recently bought a new stake in Nestlé stock. Garde Capital Inc. purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 996 shares of the company’s stock, valued at approximately $105,000. Institutional investors and hedge funds own 27.22% of the company’s stock.

Nestlé Stock Performance

Shares of Nestlé stock traded up $0.87 during trading hours on Friday, hitting $101.32. The company’s stock had a trading volume of 5,947 shares, compared to its average volume of 44,421. Nestlé has a twelve month low of $95.73 and a twelve month high of $117.52. The firm has a fifty day moving average of $103.01 and a 200-day moving average of $103.79.

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.