Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Up 152.5% in September

Nestlé S.A. (OTCMKTS:NSRGY) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 197,700 shares, a growth of 152.5% from the August 31st total of 78,300 shares. Based on an average daily trading volume, of 1,994,500 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of analysts have commented on NSRGY shares. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 3.7% during the first quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after acquiring an additional 27,888 shares during the period. Councilmark Asset Management LLC bought a new position in shares of Nestlé during the first quarter valued at $640,000. Confluence Investment Management LLC acquired a new stake in shares of Nestlé in the first quarter valued at $111,100,000. Wedgewood Investors Inc. PA acquired a new stake in shares of Nestlé in the second quarter valued at $277,000. Finally, Cullen Investment Group LTD. increased its stake in shares of Nestlé by 3.7% in the first quarter. Cullen Investment Group LTD. now owns 9,608 shares of the company’s stock valued at $1,005,000 after buying an additional 342 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Price Performance

NSRGY stock traded up $0.30 during midday trading on Friday, hitting $100.94. The stock had a trading volume of 413,059 shares, compared to its average volume of 727,681. Nestlé has a 52 week low of $96.36 and a 52 week high of $117.55. The stock has a 50-day simple moving average of $102.94 and a 200 day simple moving average of $103.84. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

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.