NuZee, Inc. (NASDAQ:NUZE) Short Interest Down 22.4% in October

NuZee, Inc. (NASDAQ:NUZE) was the target of a large decline in short interest during the month of 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. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 8,800,000 shares, the days-to-cover ratio is presently 0.0 days.

Insider Transactions at NuZee

In other news, major shareholder Info Pte. Ltd. Dyt acquired 701,754 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was acquired at an average cost of $0.57 per share, with a total value of $399,999.78. Following the completion of the acquisition, the insider now owns 1,496,159 shares of the company’s stock, valued at $852,810.63. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.50% of the company’s stock.

NuZee Trading Down 11.2 %

Shares of NuZee stock traded down $0.12 during trading hours on Friday, hitting $0.95. 999,004 shares of the company were exchanged, compared to its average volume of 2,975,633. The business has a 50-day moving average of $1.00 and a 200-day moving average of $1.59. NuZee has a 1 year low of $0.25 and a 1 year high of $8.00. The stock has a market capitalization of $1.23 million, a price-to-earnings ratio of -0.10 and a beta of 1.86.

NuZee (NASDAQ:NUZE) last released its earnings results on Monday, August 19th. The company reported ($0.76) EPS for the quarter. The firm 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%.

About NuZee

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.