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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NSRGY. First Horizon Advisors Inc. lifted its position in Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Nestlé in the fourth quarter worth $69,000. Operose Advisors LLC bought a new stake in Nestlé in the third quarter worth $82,000. Vestor Capital LLC lifted its position in Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after buying an additional 945 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in Nestlé in the first quarter worth $220,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised shares of Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas lowered shares of Nestlé from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $153.00.

Nestlé Stock Down 0.1 %

NSRGY stock opened at $101.34 on Friday. The firm has a fifty day moving average price of $105.17 and a 200 day moving average price of $110.01. Nestlé has a fifty-two week low of $99.04 and a fifty-two week high of $131.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

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.