NuZee, Inc. (NASDAQ:NUZE) Short Interest Up 246.0% in September

NuZee, Inc. (NASDAQ:NUZE) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 78,200 shares, a growth of 246.0% from the September 15th total of 22,600 shares. Based on an average daily volume of 3,670,000 shares, the short-interest ratio is currently 0.0 days. Approximately 2.7% of the shares of the stock are short sold.

NuZee Trading Up 1.6 %

Shares of NUZE traded up $0.01 on Thursday, reaching $0.39. 126,446 shares of the company’s stock were exchanged, compared to its average volume of 1,402,397. The stock has a market capitalization of $501,028.00, a P/E ratio of -0.04 and a beta of 1.86. The business has a 50 day moving average price of $1.32 and a two-hundred day moving average price of $1.60. NuZee has a 12 month low of $0.34 and a 12 month high of $8.00.

NuZee (NASDAQ:NUZE) last issued its earnings results on Monday, August 19th. The company reported ($0.76) EPS for the quarter. NuZee had a negative net margin of 251.32% and a negative return on equity of 1,600.52%. The firm had revenue of $0.37 million during the quarter.

Insider Transactions at NuZee

In other news, major shareholder Xiang Zhang sold 139,357 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $1.27, for a total transaction of $176,983.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NuZee news, major shareholder Yumei Liu purchased 542,517 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average cost of $1.47 per share, with a total value of $797,499.99. Following the completion of the purchase, the insider now directly owns 626,132 shares in the company, valued at approximately $920,414.04. This represents a 600.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Xiang Zhang sold 139,357 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $1.27, for a total transaction of $176,983.39. The disclosure for this sale can be found here. 27.50% of the stock is owned by company insiders.

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.