NuZee, Inc. (NASDAQ:NUZE) Short Interest Down 42.6% in January

NuZee, Inc. (NASDAQ:NUZEGet Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 12,800 shares, a decrease of 42.6% from the January 15th total of 22,300 shares. Based on an average daily trading volume, of 55,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.2% of the shares of the company are sold short.

NuZee Price Performance

NASDAQ NUZE traded up $0.03 on Monday, reaching $1.78. The stock had a trading volume of 3,570 shares, compared to its average volume of 40,025. The firm has a fifty day moving average of $2.29 and a two-hundred day moving average of $4.55. NuZee has a 1-year low of $1.48 and a 1-year high of $15.48. The company has a market cap of $2.28 million, a P/E ratio of -0.15 and a beta of 1.67.

NuZee (NASDAQ:NUZEGet Free Report) last released its earnings results on Tuesday, January 16th. The company reported ($3.33) earnings per share for the quarter. The company had revenue of $0.78 million for the quarter. NuZee had a negative net margin of 261.24% and a negative return on equity of 177.50%.

Institutional Trading of NuZee

A hedge fund recently bought a new stake in NuZee stock. Tower Research Capital LLC TRC bought a new position in NuZee, Inc. (NASDAQ:NUZEFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,940 shares of the company’s stock, valued at approximately $28,000. Tower Research Capital LLC TRC owned approximately 0.38% of NuZee as of its most recent SEC filing. Hedge funds and other institutional investors own 2.42% of the company’s stock.

NuZee Company Profile

(Get Free Report)

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.

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