Short Interest in Nestlé S.A. (OTCMKTS:NSRGF) Declines By 33.0%

Nestlé S.A. (OTCMKTS:NSRGF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,377,659 shares, a decrease of 33.0% from the May 14th total of 2,056,910 shares. Based on an average daily volume of 13,271 shares, the days-to-cover ratio is presently 103.8 days.

Nestlé Trading Up 0.2%

NSRGF stock opened at $98.00 on Thursday. The company has a 50 day simple moving average of $98.95 and a 200 day simple moving average of $98.83. Nestlé has a 1 year low of $85.00 and a 1 year high of $109.37.

Institutional Investors Weigh In On Nestlé

Institutional investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Nestlé in the 4th quarter valued at $110,000. Saranac Partners Ltd bought a new stake in shares of Nestlé in the 3rd quarter valued at $136,000. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of Nestlé by 2.8% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 26,044 shares of the company’s stock valued at $2,588,000 after purchasing an additional 718 shares during the last quarter. 27.22% of the stock is owned by institutional investors.

About Nestlé

Nestlé SA is a Swiss multinational food and beverage company known for a diverse portfolio of products spanning powdered and liquid beverages, dairy products, infant nutrition, pet care, confectionery, bottled water and prepared foods. The company’s well-recognized brands include Nescafé, Nespresso, KitKat, Purina, Gerber, Maggi and Perrier. Nestlé also operates in specialized nutrition and health science, offering medical-nutrition products and weight-management solutions through its Nutrition division.

Founded in 1866 by pharmacist Henri Nestlé, the company’s origins trace back to the invention of “Farine Lactée,” an early infant cereal.