Nestle SA (OTCMKTS:NSRGY) Short Interest Down 35.2% in August

Nestle SA (OTCMKTS:NSRGY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 137,858 shares, a drop of 35.2% from the July 30th total of 212,617 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 432,195 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSRGY shares. Erste Group Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group upgraded shares of Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nestle presently has an average rating of “Hold”.

Institutional Investors Weigh In On Nestle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lummis Asset Management LP lifted its stake in shares of Nestle by 6.9% in the fourth quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock valued at $177,000 after purchasing an additional 115 shares during the period. Accent Capital Management LLC grew its holdings in Nestle by 5.1% in the fourth quarter. Accent Capital Management LLC now owns 2,465 shares of the company’s stock valued at $243,000 after purchasing an additional 120 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Nestle by 73.6% in the 1st quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock worth $34,000 after buying an additional 148 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Nestle by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,491 shares of the company’s stock valued at $247,000 after purchasing an additional 156 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Nestle by 9.0% during the 4th quarter. IHT Wealth Management LLC now owns 2,836 shares of the company’s stock worth $280,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Stock Performance

Shares of OTCMKTS:NSRGY opened at $96.37 on Wednesday. Nestle has a 1-year low of $88.47 and a 1-year high of $109.59. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $101.05 and a 200 day moving average price of $100.61.

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.