Nestle SA (OTCMKTS:NSRGY) Short Interest Down 36.7% in May

Nestle SA (OTCMKTS:NSRGY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 186,885 shares, a drop of 36.7% from the April 30th total of 295,024 shares. Based on an average daily trading volume, of 689,577 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Nestle Stock Down 0.9%

OTCMKTS NSRGY opened at $97.66 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.79 and a quick ratio of 0.47. Nestle has a 1 year low of $86.98 and a 1 year high of $109.59. The business’s 50-day moving average is $99.46 and its 200 day moving average is $99.27.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Nestle in a research note on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a research note on Monday, February 23rd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of Nestle

Several institutional investors and hedge funds have recently bought and sold shares of NSRGY. IHT Wealth Management LLC purchased a new stake in Nestle in the second quarter worth about $213,000. Strengthening Families & Communities LLC purchased a new stake in Nestle in the third quarter worth about $31,000. HighPoint Advisor Group LLC lifted its holdings in Nestle by 4.1% in the third quarter. HighPoint Advisor Group LLC now owns 11,188 shares of the company’s stock worth $1,027,000 after buying an additional 445 shares during the period. Altrius Capital Management Inc lifted its holdings in Nestle by 10.5% in the third quarter. Altrius Capital Management Inc now owns 89,028 shares of the company’s stock worth $8,170,000 after buying an additional 8,433 shares during the period. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in Nestle by 175.1% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock worth $59,000 after buying an additional 408 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.