Nestlé (OTC:NSRGY) was up 1.8% this morning, amidst reports that Melamine has been found in some of its infant milk formula, says the Washington Post. As you can see from this graph of the percentage of Nestlé's shares outstanding on loan (%SOOL), short interest increased significantly in mid-November, from 12% to 23%. Since then there has been short covering, down from 23% then to 17.53% now. Utilisation is at 5.26% so there is still a lot of supply left to borrow.
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The stock with the second highest percentage of its stock out on loan in the EMEA Food, Beverage & Tobacco Sector is Pernod Ricard at 9.76%, up from 6% in August, and Groupe Danone at 8.57% SOOL, up from 6% in September. In the FTSE, Northern Foods, up 2.37% this morning, has 7.27 SOOL.