NuZee, Inc. (NASDAQ:NUZE) Sees Significant Decrease in Short Interest

NuZee, Inc. (NASDAQ:NUZE) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 4,500 shares, a decline of 46.4% from the February 29th total of 8,400 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the company’s stock are short sold.

NuZee Stock Performance

Shares of NUZE traded down $0.02 during mid-day trading on Thursday, hitting $1.29. 915 shares of the company traded hands, compared to its average volume of 24,057. NuZee has a 1-year low of $1.22 and a 1-year high of $13.00. The business has a 50 day moving average of $1.69 and a 200 day moving average of $3.08.

NuZee (NASDAQ:NUZE) last issued its quarterly earnings data on Tuesday, January 16th. The company reported ($3.33) earnings per share for the quarter. The firm had revenue of $0.78 million during the quarter. NuZee had a negative return on equity of 177.50% and a negative net margin of 261.24%.

Institutional Trading of NuZee

A number of institutional investors have recently made changes to their positions in NUZE. Tower Research Capital LLC TRC purchased a new position in NuZee in the 2nd quarter valued at $28,000. Vanguard Group Inc. acquired a new position in NuZee during the fourth quarter worth about $26,000. Renaissance Technologies LLC purchased a new position in NuZee in the 1st quarter worth approximately $111,000. Finally, Bard Associates Inc. purchased a new stake in shares of NuZee in the fourth quarter valued at approximately $299,000. 23.42% of the stock is owned by institutional investors and hedge funds.

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.