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

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 85,600 shares, a decline of 80.0% from the March 31st total of 428,600 shares. Based on an average daily volume of 1,199,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Nestlé Stock Up 1.5 %

OTCMKTS:NSRGY traded up $1.59 during midday trading on Wednesday, hitting $106.59. The company had a trading volume of 287,827 shares, compared to its average volume of 834,790. The stock's fifty day moving average price is $101.90 and its 200-day moving average price is $92.33. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Analysts Set New Price Targets

A number of research firms have issued reports on NSRGY. Royal Bank of Canada downgraded Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. BNP Paribas cut Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price for the company. in a research report on Friday, April 4th. Finally, Jefferies Financial Group cut shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nestlé presently has a consensus rating of "Hold" and a consensus price target of $91.00.

Hedge Funds Weigh In On Nestlé

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Nestlé by 23,819.2% in the 1st quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock worth $42,252,000 after buying an additional 415,884 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Nestlé by 11.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock worth $99,294,000 after acquiring an additional 100,767 shares during the last quarter. Sustainable Growth Advisers LP boosted its stake in shares of Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after purchasing an additional 28,040 shares in the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of Nestlé by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock valued at $2,068,000 after purchasing an additional 24,609 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Nestlé in the fourth quarter worth $1,932,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.