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

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 33,200 shares, a decline of 42.7% from the April 30th total of 57,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 598,100 shares, the short-interest ratio is presently 0.1 days.

Nestlé Trading Up 0.3%

Shares of NSRGY traded up $0.28 during midday trading on Monday, hitting $106.71. The company's stock had a trading volume of 246,125 shares, compared to its average volume of 730,745. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé has a one year low of $80.11 and a one year high of $110.46. The company's fifty day simple moving average is $104.32 and its two-hundred day simple moving average is $94.06.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSRGY shares. Royal Bank of Canada cut shares of Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. BNP Paribas lowered Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley downgraded Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price target for the company. in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $91.00.

Institutional Trading of Nestlé

Several institutional investors and hedge funds have recently modified their holdings of NSRGY. Ameriflex Group Inc. bought a new position in Nestlé in the 4th quarter valued at approximately $26,000. Core Alternative Capital acquired a new stake in shares of Nestlé during the first quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Nestlé during the fourth quarter worth about $33,000. Thompson Investment Management Inc. acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $33,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Nestlé in the 4th quarter valued at approximately $45,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Company Profile

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.