Nestle SA (OTCMKTS:NSRGY) Short Interest Update

Nestle SA (OTCMKTS:NSRGY – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 137,858 shares, a decrease of 35.2% from the July 30th total of 212,617 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 432,195 shares, the short-interest ratio is currently 0.3 days.

Nestle Price Performance

NSRGY opened at $96.53 on Thursday. The business has a 50 day moving average of $100.93 and a 200-day moving average of $100.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.79 and a quick ratio of 0.47. Nestle has a 1-year low of $88.47 and a 1-year high of $109.59.

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Institutional Trading of Nestle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in shares of Nestle by 73.6% during the first quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock valued at $34,000 after buying an additional 148 shares during the last quarter. Sfam LLC bought a new position in Nestle during the fourth quarter worth about $74,000. Cascades Capital Asset Management LLC acquired a new stake in Nestle in the 4th quarter valued at $101,000. Lummis Asset Management LP boosted its stake in shares of Nestle by 6.9% in the 4th quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock valued at $177,000 after purchasing an additional 115 shares in the last quarter. Finally, Vaughan David Investments LLC IL bought a new position in shares of Nestle in the fourth quarter valued at approximately $207,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSRGY. Morgan Stanley restated an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Erste Group Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group raised shares of Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on NSRGY

About Nestle

(Get Free Report)

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.

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