Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Update

Nestlé S.A. (OTCMKTS:NSRGY) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 52,800 shares, a drop of 69.4% from the January 31st total of 172,600 shares. Based on an average trading volume of 1,273,000 shares, the days-to-cover ratio is currently 0.0 days.

Nestlé Price Performance

OTCMKTS:NSRGY traded down $1.07 during midday trading on Friday, reaching $96.56. The stock had a trading volume of 355,230 shares, compared to its average volume of 943,353. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé has a 1-year low of $80.11 and a 1-year high of $110.46. The firm’s fifty day simple moving average is $85.63 and its 200-day simple moving average is $92.26.

Hedge Funds Weigh In On Nestlé

A number of institutional investors have recently made changes to their positions in the business. Mengis Capital Management Inc. grew its holdings in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after acquiring an additional 24,826 shares during the last quarter. Hantz Financial Services Inc. increased its position in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after acquiring an additional 10,523 shares during the period. Nisa Investment Advisors LLC acquired a new position in Nestlé during the 4th quarter valued at $386,000. Finally, Chartwell Investment Partners LLC boosted its holdings in Nestlé by 7.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company’s stock valued at $4,958,000 after purchasing an additional 3,271 shares during the period. 0.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NSRGY has been the subject of several recent research reports. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nestlé Company Profile

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.