Nestlé S.A. (OTCMKTS:NSRGF) Short Interest Down 23.3% in March

Nestlé S.A. (OTCMKTS:NSRGF) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,976,200 shares, a decrease of 23.3% from the March 15th total of 3,879,600 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 472.4 days.

Nestlé Stock Performance

NSRGF stock traded down $0.63 during mid-day trading on Monday, hitting $106.20. The company had a trading volume of 3,108 shares, compared to its average volume of 24,117. Nestlé has a 12 month low of $79.55 and a 12 month high of $110.96. The stock’s fifty day moving average price is $99.41 and its two-hundred day moving average price is $91.76.

Nestlé Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Wednesday, April 23rd will be given a $3.05 dividend. This is an increase from Nestlé’s previous dividend of $3.00. This represents a yield of 3.64%. The ex-dividend date is Tuesday, April 22nd. Nestlé’s dividend payout ratio (DPR) is currently 72.19%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nestlé stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Nestlé S.A. (OTCMKTS:NSRGF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company’s stock, valued at approximately $2,476,000. Institutional investors own 27.22% of the company’s stock.

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.