Nestlé S.A. (OTCMKTS:NSRGY) Sees Large Growth in Short Interest

Nestlé S.A. (OTCMKTS:NSRGY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 112,400 shares, a growth of 281.0% from the December 31st total of 29,500 shares. Based on an average daily trading volume, of 3,069,800 shares, the short-interest ratio is presently 0.0 days.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY traded up $4.02 during mid-day trading on Tuesday, reaching $86.47. The company’s stock had a trading volume of 2,987,363 shares, compared to its average volume of 968,200. The stock has a fifty day moving average of $83.48 and a two-hundred day moving average of $94.26. Nestlé has a 52 week low of $80.11 and a 52 week high of $115.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

Institutional Investors Weigh In On Nestlé

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its holdings in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after purchasing an additional 10,523 shares during the period. Nisa Investment Advisors LLC bought a new stake in Nestlé during the 4th quarter valued at $386,000. Brooklyn Investment Group bought a new stake in Nestlé during the 3rd quarter valued at $36,000. Douglass Winthrop Advisors LLC boosted its position in Nestlé by 2.5% during 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 in the last quarter. Finally, Canopy Partners LLC boosted its position in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after acquiring an additional 147 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of several analyst reports. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.