Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Drops By 80.0%

Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 85,600 shares, a decrease of 80.0% from the March 31st total of 428,600 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 1,199,300 shares, the days-to-cover ratio is presently 0.1 days.

Nestlé Stock Down 1.9 %

NSRGY traded down $2.01 during trading hours on Friday, hitting $103.42. 289,679 shares of the stock were exchanged, compared to its average volume of 850,507. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé has a 12 month low of $80.11 and a 12 month high of $110.46. The stock has a 50-day simple moving average of $101.36 and a 200-day simple moving average of $92.27.

Wall Street Analyst Weigh In

NSRGY has been the topic of a number of research analyst reports. BNP Paribas downgraded shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price on the stock. in a report on Friday, April 4th. Jefferies Financial Group downgraded Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada cut Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $91.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Studio Investment Management LLC lifted its holdings in Nestlé by 2.9% in the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock worth $326,000 after acquiring an additional 112 shares during the last quarter. North Star Asset Management Inc. boosted its position in Nestlé by 4.4% during the 4th quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock valued at $444,000 after purchasing an additional 229 shares during the period. Ancora Advisors LLC grew its stake in Nestlé by 0.3% during the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after buying an additional 239 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Nestlé in the fourth quarter worth $26,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Nestlé in the fourth quarter valued at $33,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.

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