Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Declines By 13.5%

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 29,500 shares, a decline of 13.5% from the November 30th total of 34,100 shares. Based on an average trading volume of 2,093,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC raised its holdings in Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after acquiring an additional 24,826 shares during the period. Douglas Lane & Associates LLC raised its stake in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after purchasing an additional 55,367 shares during the period. Hantz Financial Services Inc. lifted its holdings in Nestlé by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock worth $9,792,000 after purchasing an additional 3,787 shares in the last quarter. Ramsay Stattman Vela & Price Inc. boosted its stake in Nestlé by 2.0% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 92,542 shares of the company’s stock worth $9,481,000 after purchasing an additional 1,855 shares during the period. Finally, Altrius Capital Management Inc grew its holdings in Nestlé by 2.4% during the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after buying an additional 1,603 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $82.28 on Tuesday. The business has a fifty day moving average price of $88.20 and a 200-day moving average price of $97.57. Nestlé has a one year low of $81.18 and a one year high of $117.55.

Analyst Upgrades and Downgrades

NSRGY has been the subject of several recent research reports. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Barclays reissued an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.