Nestlé S.A. (OTCMKTS:NSRGY) Sees Significant Growth in Short Interest

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 112,400 shares, a growth of 281.0% from the December 15th total of 29,500 shares. Based on an average trading volume of 3,069,800 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NSRGY shares. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Nestlé currently has an average rating of “Hold”.

Nestlé Price Performance

Shares of OTCMKTS:NSRGY traded up $0.57 during midday trading on Monday, hitting $81.22. The company had a trading volume of 1,344,648 shares, compared to its average volume of 1,085,821. Nestlé has a twelve month low of $80.30 and a twelve month high of $115.91. The business’s 50-day simple moving average is $84.95 and its 200-day simple moving average is $95.72.

Institutional Trading of Nestlé

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of Nestlé during the 3rd quarter valued at 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 purchasing an additional 922 shares during the last quarter. Front Row Advisors LLC grew 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 worth $239,000 after purchasing an additional 1,888 shares during the period. GAMMA Investing LLC increased its position in shares of Nestlé by 28.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $320,000 after purchasing an additional 698 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in Nestlé in the 3rd quarter valued at about $365,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.