Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Expands By 29.0%

Nestlé S.A. (OTCMKTS:NSRGF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,837,900 shares, an increase of 29.0% from the March 31st total of 2,976,200 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 408.3 days.

Institutional Trading of Nestlé

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

Nestlé Trading Down 0.7 %

Nestlé stock opened at $105.23 on Friday. The stock has a fifty day moving average of $101.88 and a 200 day moving average of $92.31. Nestlé has a one year low of $79.55 and a one year high of $110.96.

Nestlé Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 24th. Investors of record on Wednesday, April 23rd were issued a $3.05 dividend. This is an increase from Nestlé’s previous dividend of $3.00. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 3.64%. Nestlé’s dividend payout ratio (DPR) is presently 72.19%.

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.