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

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a large growth in short interest during the month of 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 trading volume of 1,047,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Nestlé

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSRGY. Ameriflex Group Inc. bought a new position in Nestlé during the fourth quarter valued at about $26,000. North Star Asset Management Inc. boosted its position in shares of Nestlé by 4.4% during the 4th quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after purchasing an additional 229 shares in the last quarter. Studio Investment Management LLC grew its stake in shares of Nestlé by 2.9% in the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock worth $326,000 after purchasing an additional 112 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Nestlé in the 4th quarter worth approximately $822,000. Finally, Elefante Mark B acquired a new stake in Nestlé during the fourth quarter valued at approximately $1,527,000. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Nestlé Price Performance

Shares of OTCMKTS:NSRGY opened at $102.11 on Monday. Nestlé has a twelve month low of $80.11 and a twelve month 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. The company has a 50 day moving average of $93.72 and a 200-day moving average of $91.58.

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.