Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Rises By 199.1%

Nestlé S.A. (OTCMKTS:NSRGY) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 157,900 shares, a growth of 199.1% from the February 13th total of 52,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,272,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Nestlé

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in shares of Nestlé during the fourth quarter worth $26,000. Brooklyn Investment Group acquired a new stake in shares of Nestlé during the third quarter worth $36,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé during the fourth quarter worth $33,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé during the fourth quarter worth $33,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Nestlé during the fourth quarter worth $45,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

NSRGY opened at $101.07 on Friday. Nestlé has a one year low of $80.11 and a one year high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The stock’s fifty day moving average is $89.59 and its 200-day moving average is $92.01.

Wall Street Analyst Weigh In

Several analysts have weighed in on NSRGY shares. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised 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 issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.