Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Declines By 13.5%

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 29,500 shares, a drop of 13.5% from the November 30th total of 34,100 shares. Based on an average trading volume of 2,093,300 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

A number of equities analysts have weighed in on NSRGY shares. Morgan Stanley raised Nestlé from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 27th. Barclays reissued an "equal weight" rating on shares of Nestlé in a report on Monday, September 9th. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Royal Bank of Canada upgraded shares of Nestlé from a "sector perform" rating to an "outperform" rating in a report on Friday, October 18th. Finally, Citigroup cut shares of Nestlé from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Hedge Funds Weigh In On Nestlé

Institutional investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in Nestlé during the 3rd quarter worth approximately $36,000. First Horizon Advisors Inc. lifted its stake in shares of Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $130,000 after acquiring an additional 922 shares during the last quarter. Front Row Advisors LLC boosted its holdings 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 valued at $239,000 after acquiring an additional 1,888 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Nestlé during the 2nd quarter worth $275,000. Finally, Vaughan David Investments LLC IL raised its position in Nestlé by 12.4% in the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company's stock valued at $279,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestlé Trading Down 0.2 %

Nestlé stock traded down $0.21 during trading hours on Monday, reaching $82.28. 1,358,581 shares of the stock were exchanged, compared to its average volume of 854,223. Nestlé has a twelve month low of $81.18 and a twelve month high of $117.55. The stock has a 50 day moving average of $88.20 and a two-hundred day moving average of $97.57.

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.