Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Declines By 18.7%

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,999,200 shares, a drop of 18.7% from the January 31st total of 2,459,300 shares. Based on an average daily volume of 59,600 shares, the days-to-cover ratio is presently 33.5 days.

Institutional Trading of Nestlé

A hedge fund recently bought a new stake in Nestlé stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 Price Performance

Shares of OTCMKTS:NSRGF traded down $2.27 during midday trading on Wednesday, reaching $98.41. The company had a trading volume of 7,553 shares, compared to its average volume of 37,728. The company’s 50 day moving average price is $86.53 and its 200 day moving average price is $92.00. Nestlé has a 52-week low of $79.55 and a 52-week 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.