Nestlé S.A. (OTCMKTS:NSRGY) Short Interest Update

Nestlé S.A. (OTCMKTS:NSRGY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 21,700 shares, a decrease of 53.2% from the September 30th total of 46,400 shares. Based on an average daily trading volume, of 2,046,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Nestlé

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Nestlé in the second quarter valued at about $134,000. Front Row Advisors LLC increased its position in shares of Nestlé by 421.4% during the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after purchasing an additional 1,888 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after purchasing an additional 949 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Nestlé in the 2nd quarter valued at approximately $262,000. Finally, Burke & Herbert Bank & Trust Co. bought a new position in shares of Nestlé in the second quarter valued at $265,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSRGY has been the topic of several recent research reports. 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. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nestlé Stock Performance

Shares of NSRGY stock traded down $0.37 during trading on Friday, reaching $97.36. The company’s stock had a trading volume of 381,222 shares, compared to its average volume of 757,487. Nestlé has a one year low of $96.36 and a one year high of $117.55. The business has a fifty day moving average price of $101.31 and a 200-day moving average price of $102.83.

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.