Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Increases By 117.4%

Nestlé S.A. (OTCMKTS:NSRGF) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,879,600 shares, a growth of 117.4% from the February 28th total of 1,784,600 shares. Based on an average daily trading volume, of 25,600 shares, the days-to-cover ratio is presently 151.5 days.

Nestlé Trading Down 0.0 %

OTCMKTS NSRGF opened at $100.01 on Friday. Nestlé has a 12 month low of $79.55 and a 12 month high of $110.96. The business’s 50-day moving average price is $93.47 and its two-hundred day moving average price is $91.58.

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 Nestlé S.A. (OTCMKTS:NSRGF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $2,476,000. 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.