Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Expands By 117.4%

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,879,600 shares, an increase of 117.4% from the February 28th total of 1,784,600 shares. Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 151.5 days.

Institutional Investors Weigh In On Nestlé

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

Nestlé Trading Down 0.0 %

OTCMKTS:NSRGF traded down $0.01 during mid-day trading on Friday, hitting $100.01. The company had a trading volume of 5,701 shares, compared to its average volume of 28,788. The business has a fifty day simple moving average of $93.09 and a 200-day simple moving average of $91.69. Nestlé has a 1 year low of $79.55 and a 1 year high of $110.96.

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.