Nestle SA (OTCMKTS:NSRGY) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Resources Management Corp CT ADV boosted its holdings in shares of Nestle by 2,727.9% in the 3rd quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock worth $5,969,000 after purchasing an additional 62,742 shares in the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Nestle by 1.5% during the 4th quarter. Ramirez Asset Management Inc. now owns 58,011 shares of the company’s stock valued at $5,766,000 after buying an additional 860 shares in the last quarter. Mengis Capital Management Inc. grew its stake in shares of Nestle by 11.4% in the 4th quarter. Mengis Capital Management Inc. now owns 46,175 shares of the company’s stock worth $4,561,000 after buying an additional 4,740 shares during the last quarter. Opal Capital LLC bought a new stake in Nestle during the 1st quarter valued at about $3,398,000. Finally, Diversified Trust Co raised its stake in shares of Nestle by 32.4% in the first quarter. Diversified Trust Co now owns 20,221 shares of the company’s stock worth $1,973,000 after purchasing an additional 4,951 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Trading Down 0.0%

Shares of NSRGY stock opened at $97.25 on Tuesday. Nestle has a 12-month low of $88.47 and a 12-month high of $109.59. The company has a 50 day moving average of $101.10 and a 200-day moving average of $100.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NSRGY shares. Jefferies Financial Group upgraded shares of Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Erste Group Bank raised Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Morgan Stanley reiterated 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.