Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Down 71.9% in January

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 172,600 shares, a decline of 71.9% from the January 15th total of 613,900 shares. Based on an average daily volume of 2,379,800 shares, the days-to-cover ratio is currently 0.1 days.

Nestlé Trading Up 0.7 %

NSRGY stock traded up $0.62 during trading hours on Wednesday, hitting $85.69. 783,789 shares of the stock were exchanged, compared to its average volume of 1,063,345. The company has a 50-day simple moving average of $83.36 and a two-hundred day simple moving average of $92.82. Nestlé has a 12 month low of $80.11 and a 12 month high of $113.67. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Nestlé

Institutional investors have recently bought and sold shares of the business. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at approximately $33,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Nestlé during the 4th quarter worth $33,000. Brooklyn Investment Group bought a new position in shares of Nestlé in the third quarter worth $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé during the fourth quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Nestlé during the fourth quarter worth about $49,000. Institutional investors own 0.61% of the company’s stock.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.