Nestle SA (OTCMKTS:NSRGY) Short Interest Update

Key Points

• Nestlé’s short interest fell 35.2% to 137,858 shares as of August 14, down from 212,617 shares on July 30. The stock has a days-to-cover ratio of 0.3 and 0.0% of shares sold short.
• Institutional investors own just 0.61% of the company’s stock, while several firms recently increased or initiated positions, including Sterling Capital Management, which boosted its stake by 73.6%.
• Nestlé shares opened at $97.25, within a 52-week range of $88.47 to $109.59. Analyst views are mixed—three Buys, one Hold and one Sell—with an overall consensus rating of Hold.

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

Hedge Funds Weigh In On Nestle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted 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 worth $34,000 after purchasing an additional 148 shares in the last quarter. Sfam LLC acquired a new stake in shares of Nestle in the 4th quarter valued at approximately $74,000. Cascades Capital Asset Management LLC acquired a new position in shares of Nestle during the 4th quarter worth about $101,000. Lummis Asset Management LP raised its stake in Nestle by 6.9% in the fourth quarter. Lummis Asset Management LP now owns 1,781 shares of the company's stock valued at $177,000 after buying an additional 115 shares during the period. Finally, Vaughan David Investments LLC IL acquired a new stake in Nestle during the 4th quarter valued at $207,000. Institutional investors own 0.61% of the company's stock.

Nestle Price Performance

OTCMKTS NSRGY opened at $97.25 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79. Nestle has a one year low of $88.47 and a one year high of $109.59. The stock's 50 day simple moving average is $101.10 and its 200 day simple moving average is $100.65.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Nestle in a research report on Thursday, July 2nd. Erste Group Bank upgraded shares of Nestle from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

About Nestle

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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