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

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

Hedge funds have recently modified their holdings of the stock. 3Chopt Investment Partners LLC acquired a new stake in Nestlé in the 1st quarter valued at $468,000. Manitou Investment Management Ltd. bought a new stake in shares of Nestlé in the 1st quarter valued at $42,000. Ancora Advisors LLC grew its holdings in shares of Nestlé by 2.4% during the first quarter. Ancora Advisors LLC now owns 248,084 shares of the company’s stock valued at $30,268,000 after buying an additional 5,875 shares during the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Nestlé by 0.5% during the first quarter. Azimuth Capital Investment Management LLC now owns 34,329 shares of the company’s stock valued at $4,188,000 after purchasing an additional 175 shares in the last quarter. Finally, Enterprise Financial Services Corp raised its position in Nestlé by 9.7% in the first quarter. Enterprise Financial Services Corp now owns 2,117 shares of the company’s stock worth $258,000 after acquiring an additional 187 shares during the period. 0.97% of the stock is owned by institutional investors and hedge funds.

Nestlé Company Profile

(Get Rating)

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.