Short Interest in Nestlé S.A. (OTCMKTS:NSRGY) Rises By 155.1%

Nestlé S.A. (OTCMKTS:NSRGY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 85,700 shares, an increase of 155.1% from the September 15th total of 33,600 shares. Based on an average trading volume of 366,200 shares, the short-interest ratio is currently 0.2 days.

Institutional investors and hedge funds have recently made changes to their positions in the company. FormulaFolio Investments LLC acquired a new position in shares of Nestlé during the first quarter valued at about $29,000. Meeder Asset Management Inc. increased its stake in Nestlé by 80.9% in the second quarter. Meeder Asset Management Inc. now owns 351 shares of the company’s stock valued at $44,000 after acquiring an additional 157 shares during the period. Eudaimonia Partners LLC increased its stake in Nestlé by 26.3% in the first quarter. Eudaimonia Partners LLC now owns 571 shares of the company’s stock valued at $64,000 after acquiring an additional 119 shares during the period. Vigilant Capital Management LLC increased its stake in Nestlé by 90.4% in the third quarter. Vigilant Capital Management LLC now owns 857 shares of the company’s stock valued at $103,000 after acquiring an additional 407 shares during the period. Finally, Somerset Group LLC bought a new stake in Nestlé in the second quarter valued at about $203,000. 1.12% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on NSRGY shares. Morgan Stanley restated an “overweight” rating on shares of Nestlé in a report on Tuesday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nestlé in a report on Friday, July 2nd. Finally, Societe Generale reiterated a “buy” rating on shares of Nestlé in a report on Thursday, August 26th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Nestlé currently has an average rating of “Buy” and a consensus price target of $127.00.

Shares of NSRGY traded up $2.08 during trading hours on Thursday, reaching $122.92. 124,836 shares of the company traded hands, compared to its average volume of 345,519. The stock’s fifty day moving average is $123.98 and its 200 day moving average is $122.91. The stock has a market cap of $346.02 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.60 and a current ratio of 0.86. Nestlé has a 1-year low of $104.50 and a 1-year high of $128.17.

Nestlé Company Profile

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care.

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