Nestlé S.A. (OTCMKTS:NSRGY – Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 157,900 shares, a growth of 199.1% from the February 13th total of 52,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,272,500 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Ratings Changes
Several equities research analysts have issued reports on NSRGY shares. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on NSRGY
Institutional Inflows and Outflows
Nestlé Trading Down 0.1 %
Shares of NSRGY opened at $101.07 on Friday. The stock has a 50 day moving average of $89.59 and a 200-day moving average of $92.01. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé has a 52 week low of $80.11 and a 52 week high of $110.46.
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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