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

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 112,400 shares, a growth of 281.0% from the December 15th 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.

Analysts Set New Price Targets

Several research firms recently issued reports on NSRGY. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Nestlé Stock Up 0.7 %

Shares of NSRGY stock traded up $0.57 during trading hours on Monday, reaching $81.22. 1,344,648 shares of the stock were exchanged, compared to its average volume of 1,085,821. The business’s fifty day moving average is $84.95 and its two-hundred day moving average is $95.72. Nestlé has a 12-month low of $80.30 and a 12-month high of $115.91.

Institutional Investors Weigh In On Nestlé

Large investors have recently modified their holdings of the company. Douglas Lane & Associates LLC lifted its stake in Nestlé by 6.4% in the third 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 last quarter. Douglass Winthrop Advisors LLC increased its holdings 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 acquiring an additional 24,826 shares during the period. Mengis Capital Management Inc. raised its position in 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 during the last quarter. Altrius Capital Management Inc boosted its stake in Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after purchasing an additional 7,200 shares during the period. Finally, Saybrook Capital NC grew its position in Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.