Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Down 69.4% in February

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 52,800 shares, a decrease of 69.4% from the January 31st total of 172,600 shares. Based on an average trading volume of 1,273,000 shares, the days-to-cover ratio is presently 0.0 days.

Nestlé Stock Performance

NSRGY stock traded down $0.06 during mid-day trading on Friday, reaching $96.50. 450,128 shares of the stock traded hands, compared to its average volume of 930,706. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46. The business has a 50-day moving average of $85.92 and a two-hundred day moving average of $92.15.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. 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, Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Nestlé has a consensus rating of “Hold”.

Institutional Investors Weigh In On Nestlé

Several hedge funds have recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC lifted its stake in shares of Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after buying an additional 24,826 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after buying an additional 10,523 shares during the period. Altrius Capital Management Inc lifted its stake in shares of Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock valued at $6,429,000 after buying an additional 9,381 shares during the period. Saybrook Capital NC lifted its stake in shares of Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after buying an additional 12,340 shares during the period. Finally, Ancora Advisors LLC lifted its stake in shares of Nestlé by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after buying an additional 239 shares during the period. Institutional investors own 0.61% of the company’s stock.

Nestlé Company Profile

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.