Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 28,000 shares, a drop of 39.0% from the April 30th total of 45,900 shares. Based on an average daily trading volume, of 326,300 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada cut shares of Nestlé from a “sector perform” rating to an “underperform” rating and decreased their price objective for the company from $100.00 to $95.00 in a report on Monday, March 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.60.
Nestlé Price Performance
Shares of NSRGY stock opened at $123.23 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.88 and a quick ratio of 0.50. The stock has a 50 day simple moving average of $125.40 and a 200-day simple moving average of $120.29. Nestlé has a 12-month low of $102.78 and a 12-month high of $131.64.
Hedge Funds Weigh In On Nestlé
Nestlé Company Profile
Nestlé SA is a nutrition, health, and wellness company, which engages in the manufacture, supply, and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods, and cereals. The company products portfolio includes baby food, water, cereals, chocolate and confectionery, coffee, culinary, chilled, and frozen food, dairy, drinks, food service, healthcare nutrition, ice cream, and petcare.
- Get a free copy of the StockNews.com research report on Nestlé (NSRGY)
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