Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Increases By 147.3%

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 82,100 shares, an increase of 147.3% from the May 15th total of 33,200 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 706,900 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

NSRGY has been the subject of a number of analyst reports. BNP Paribas cut shares of Nestlé from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Royal Bank of Canada cut shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, Nestlé has an average rating of "Hold" and an average target price of $91.00.

Hedge Funds Weigh In On Nestlé

A number of hedge funds have recently bought and sold shares of the business. Raelipskie Partnership boosted its stake in Nestlé by 6.1% in the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock worth $1,407,000 after purchasing an additional 990 shares during the period. Mengis Capital Management Inc. increased its stake in Nestlé by 51.0% in the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after purchasing an additional 11,295 shares during the period. Altrius Capital Management Inc increased its stake in shares of Nestlé by 13.5% during the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock valued at $6,429,000 after buying an additional 9,381 shares during the period. SVB Wealth LLC purchased a new position in shares of Nestlé during the fourth quarter valued at $906,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Stock Down 1.9%

Shares of OTCMKTS NSRGY traded down $2.05 during mid-day trading on Friday, hitting $103.19. The stock had a trading volume of 311,108 shares, compared to its average volume of 703,021. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé has a 1 year low of $80.11 and a 1 year high of $109.31. The business has a 50 day moving average price of $105.14 and a two-hundred day moving average price of $95.31.

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.