Short Interest in Nestle SA (OTCMKTS:NSRGY) Decreases By 36.7%

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

Institutional Trading of Nestle

A number of hedge funds have recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in shares of Nestle during the 3rd quarter worth approximately $31,000. Sterling Capital Management LLC lifted its position in Nestle by 73.6% in the first quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock worth $34,000 after purchasing an additional 148 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Nestle in the fourth quarter worth $47,000. Boyd Watterson Asset Management LLC OH boosted its stake in Nestle by 175.1% during 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 in the last quarter. Finally, Sfam LLC bought a new stake in Nestle in the 4th quarter valued at $74,000. Institutional investors own 0.61% of the company’s stock.

Nestle Stock Performance

Shares of NSRGY opened at $98.59 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40. The company has a 50-day simple moving average of $99.36 and a 200-day simple moving average of $99.32. Nestle has a 52 week low of $86.98 and a 52 week high of $109.59.

Analyst Ratings Changes

Several analysts recently weighed in on NSRGY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Nestle in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a report on Monday, February 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Nestle

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.