Nestlé S.A. (OTCMKTS:NSRGF) Short Interest Down 19.1% in September

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

Nestlé Price Performance

NSRGF traded up $1.20 during mid-day trading on Friday, reaching $100.45. 3,384 shares of the company traded hands, compared to its average volume of 44,628. Nestlé has a 52-week low of $95.73 and a 52-week high of $117.52. The company’s fifty day moving average price is $103.08 and its 200-day moving average price is $103.83.

Hedge Funds Weigh In On Nestlé

An institutional investor recently bought a new position in Nestlé stock. Garde Capital Inc. bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGF) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.

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.