Nestlé S.A. (OTCMKTS:NSRGY) Sees Large Growth in Short Interest

Nestlé S.A. (OTCMKTS:NSRGY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 81,000 shares, a growth of 70.9% from the March 31st total of 47,400 shares. Based on an average daily volume of 1,512,800 shares, the days-to-cover ratio is currently 0.1 days.

Nestlé Trading Down 0.1 %

Shares of OTCMKTS NSRGY opened at $101.34 on Monday. Nestlé has a twelve month low of $99.04 and a twelve month high of $131.64. The firm has a fifty day simple moving average of $105.17 and a 200 day simple moving average of $109.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

Institutional Investors Weigh In On Nestlé

Several hedge funds and other institutional investors have recently bought and sold shares of NSRGY. Beach Investment Counsel Inc. PA increased its position in shares of Nestlé by 2.6% during the third quarter. Beach Investment Counsel Inc. PA now owns 165,912 shares of the company’s stock worth $18,776,000 after acquiring an additional 4,283 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in Nestlé by 0.8% during the third quarter. Moody Lynn & Lieberson LLC now owns 11,436 shares of the company’s stock worth $1,294,000 after purchasing an additional 92 shares during the last quarter. Hendley & Co. Inc. boosted its holdings in Nestlé by 0.4% during the third quarter. Hendley & Co. Inc. now owns 44,962 shares of the company’s stock worth $5,088,000 after purchasing an additional 199 shares during the last quarter. Sky Investment Group LLC boosted its holdings in Nestlé by 1.7% during the third quarter. Sky Investment Group LLC now owns 81,885 shares of the company’s stock worth $9,267,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its stake in Nestlé by 24.7% in the third quarter. Waldron Private Wealth LLC now owns 2,632 shares of the company’s stock valued at $297,000 after acquiring an additional 522 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on NSRGY shares. BNP Paribas cut shares of Nestlé from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $153.00.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.