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. Currently, 7.9% of the company’s stock are short sold. Based on an average trading volume of 3,090,000 shares, the short-interest ratio is presently 0.0 days.
Insiders Place Their Bets
In other news, major shareholder Xiang Zhang sold 139,357 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $1.27, for a total value of $176,983.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Xiang Zhang sold 139,357 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $1.27, for a total transaction of $176,983.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yumei Liu bought 542,517 shares of NuZee stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of $1.47 per share, for a total transaction of $797,499.99. Following the acquisition, the insider now owns 626,132 shares of the company’s stock, valued at $920,414.04. The disclosure for this purchase can be found here. Insiders own 27.50% of the company’s stock.
Institutional Trading of NuZee
An institutional investor recently bought a new position in NuZee stock. Bard Associates Inc. bought a new stake in NuZee, Inc. (NASDAQ:NUZE – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 117,750 shares of the company’s stock, valued at approximately $299,000. Bard Associates Inc. owned about 9.20% of NuZee as of its most recent filing with the Securities and Exchange Commission. 23.42% of the stock is owned by institutional investors and hedge funds.
NuZee Trading Down 7.5 %
NuZee (NASDAQ:NUZE – Get Free Report) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.76) EPS for the quarter. The business had revenue of $0.37 million during the quarter. NuZee had a negative net margin of 251.32% and a negative return on equity of 1,600.52%.
NuZee Company Profile
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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