Nestlé S.A. (OTCMKTS:NSRGY) Sees Significant Increase in Short Interest

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 112,400 shares, an increase of 281.0% from the December 31st total of 29,500 shares. Based on an average daily trading volume, of 3,069,800 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Nestlé

Institutional investors have recently added to or reduced their stakes in the business. Douglas Lane & Associates LLC grew its stake in shares of 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 buying an additional 55,367 shares during the period. Douglass Winthrop Advisors LLC raised its stake in shares of Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Mengis Capital Management Inc. raised its stake in shares of 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 purchasing an additional 16,671 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares in the last quarter. Finally, Saybrook Capital NC raised its stake in Nestlé by 11.9% during the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after acquiring an additional 6,742 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NSRGY shares. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nestlé Price Performance

Nestlé stock traded up $4.02 during midday trading on Tuesday, reaching $86.47. The company’s stock had a trading volume of 2,987,363 shares, compared to its average volume of 968,200. Nestlé has a fifty-two week low of $80.11 and a fifty-two week high of $115.91. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The business has a 50-day simple moving average of $83.48 and a 200-day simple moving average of $94.26.

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.