NuZee, Inc. (NASDAQ:NUZE – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 41,500 shares, a decline of 24.0% from the August 15th total of 54,600 shares. Based on an average daily trading volume, of 3,090,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.9% of the company’s stock are sold short.
NuZee Trading Down 7.5 %
Shares of NASDAQ NUZE opened at $0.99 on Monday. The stock has a market cap of $1.29 million, a P/E ratio of -0.11 and a beta of 1.88. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $1.73. NuZee has a twelve month low of $0.96 and a twelve month high of $10.64.
NuZee (NASDAQ:NUZE – Get Free Report) last announced its earnings results on Monday, August 19th. The company reported ($0.76) EPS for the quarter. NuZee had a negative net margin of 251.32% and a negative return on equity of 1,600.52%. The business had revenue of $0.37 million during the quarter.
Insider Transactions at NuZee
Institutional Investors Weigh In On NuZee
An institutional investor recently bought a new position in NuZee stock. Bard Associates Inc. purchased a new position in shares of NuZee, Inc. (NASDAQ:NUZE – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 117,750 shares of the company’s stock, valued at approximately $299,000. Bard Associates Inc. owned 9.20% of NuZee as of its most recent SEC filing. Institutional investors own 23.42% of the company’s stock.
About NuZee
NuZee, Inc, together with its subsidiaries, manufactures, packs, and sells single-serve pour-over coffee and tea bag-style coffee for coffee roasters and food service companies in North America and South Korea. The company sells its products under Coffee Blenders, Twin Peaks, DRIPKIT, and Stone Brewing brand names.
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