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

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 219,200 shares, a growth of 38.8% from the February 28th total of 157,900 shares. Based on an average daily trading volume, of 1,047,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Nestlé Trading Up 0.7 %

Nestlé stock opened at $101.90 on Wednesday. The business has a 50 day moving average of $94.50 and a 200-day moving average of $91.56. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Wall Street Analyst Weigh In

Several brokerages have commented on NSRGY. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Nestlé

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $26,000. Flagship Wealth Advisors LLC bought a new stake in Nestlé in the fourth quarter valued at approximately $33,000. Thompson Investment Management Inc. acquired a new stake in Nestlé during the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Nestlé during the 4th quarter worth approximately $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Nestlé in the 4th quarter worth approximately $49,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.