NuZee, Inc. (NASDAQ:NUZE) Short Interest Down 24.0% in August

NuZee, Inc. (NASDAQ:NUZE) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 41,500 shares, a decrease of 24.0% from the August 15th total of 54,600 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily volume of 3,090,000 shares, the short-interest ratio is presently 0.0 days.

Insider Activity

In related news, major shareholder Yumei Liu acquired 542,517 shares of the stock in a transaction on Thursday, July 18th. The shares were bought at an average price of $1.47 per share, with a total value of $797,499.99. Following the completion of the purchase, the insider now owns 626,132 shares of the company’s stock, valued at approximately $920,414.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Yumei Liu bought 542,517 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $797,499.99. Following the acquisition, the insider now directly owns 626,132 shares of the company’s stock, valued at approximately $920,414.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Xiang Zhang sold 139,357 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $1.27, for a total transaction of $176,983.39. The disclosure for this sale can be found here. Company insiders own 27.50% of the company’s stock.

Institutional Investors Weigh In On NuZee

A hedge fund recently bought a new stake in NuZee stock. Bard Associates Inc. purchased a new position in shares of NuZee, Inc. (NASDAQ:NUZE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 117,750 shares of the company’s stock, valued at approximately $299,000. Bard Associates Inc. owned 9.20% of NuZee at the end of the most recent reporting period. Institutional investors and hedge funds own 23.42% of the company’s stock.

NuZee Stock Performance

Shares of NuZee stock traded down $0.08 on Friday, reaching $0.99. The company had a trading volume of 272,195 shares, compared to its average volume of 1,343,063. The firm’s 50 day moving average price is $2.00 and its two-hundred day moving average price is $1.73. NuZee has a 52-week low of $0.96 and a 52-week high of $10.64. The firm has a market cap of $1.29 million, a PE ratio of -0.11 and a beta of 1.88.

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

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.