Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Up 38.8% in March

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 219,200 shares, a growth of 38.8% from the February 28th total of 157,900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,047,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nestlé

Several hedge funds have recently added to or reduced their stakes in the business. Sustainable Growth Advisers LP increased its holdings in shares of Nestlé by 60.2% in the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after acquiring an additional 28,040 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in Nestlé by 5,901.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company’s stock valued at $2,068,000 after buying an additional 24,609 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $1,932,000. Elefante Mark B bought a new stake in shares of Nestlé during the fourth quarter worth $1,527,000. Finally, Saybrook Capital NC boosted its stake in Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after purchasing an additional 12,340 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Performance

OTCMKTS NSRGY traded up $0.73 during trading on Tuesday, reaching $101.90. 456,338 shares of the stock traded hands, compared to its average volume of 909,594. The stock’s 50-day moving average price is $94.12 and its 200 day moving average price is $91.57. 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 fifty-two week low of $80.11 and a fifty-two week high of $110.46.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NSRGY. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. 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. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.