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

by · The Cerbat Gem

NuZee, Inc. (NASDAQ:NUZEGet Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 60,700 shares, a decline of 22.4% from the September 30th total of 78,200 shares. Based on an average daily volume of 8,800,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.2% of the shares of the stock are short sold.

NuZee Trading Down 14.2 %

NASDAQ NUZE traded down $0.13 during mid-day trading on Tuesday, reaching $0.79. 867,510 shares of the company’s stock traded hands, compared to its average volume of 2,953,520. The company has a fifty day simple moving average of $0.98 and a 200-day simple moving average of $1.59. The company has a market cap of $3.94 million, a price-to-earnings ratio of -0.09 and a beta of 1.86. NuZee has a 1-year low of $0.25 and a 1-year high of $8.00.

NuZee (NASDAQ:NUZEGet Free Report) last issued its earnings results on Monday, August 19th. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $0.37 million during the quarter. NuZee had a negative return on equity of 1,600.52% and a negative net margin of 251.32%.

Insiders Place Their Bets

In other NuZee news, major shareholder Info Pte. Ltd. Dyt acquired 701,754 shares of the stock in a transaction dated Monday, October 14th. The stock was acquired at an average price of $0.57 per share, with a total value of $399,999.78. Following the completion of the transaction, the insider now directly owns 1,496,159 shares in the company, valued at approximately $852,810.63. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 27.50% of the stock is owned by company insiders.

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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