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

Nestlé S.A. (OTCMKTS:NSRGYGet Free Report) 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”.

Read Our Latest Research Report on NSRGY

About Nestlé

(Get Free Report)

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.

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