Bon Natural Life Limited (NASDAQ:BON) Shares Shorted: Short Interest Down 46.7% in September

by · The Cerbat Gem

Bon Natural Life Limited (NASDAQ:BON – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 8,727 shares, a drop of 46.7% from the August 31st total of 16,388 shares. Based on an average daily trading volume, of 5,301 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.1% of the company’s shares are short sold.

Bon Natural Life Price Performance

Shares of Bon Natural Life stock remained flat at $1.20 during trading hours on Wednesday. The stock had a trading volume of 2,364 shares, compared to its average volume of 29,507. The firm has a 50-day moving average of $1.14 and a two-hundred day moving average of $1.23. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.03. Bon Natural Life has a 1-year low of $0.98 and a 1-year high of $2.34.

Bon Natural Life (NASDAQ:BON – Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $4.05 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Bon Natural Life in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Bon Natural Life presently has an average rating of “Sell”.

Read Our Latest Analysis on BON

Bon Natural Life Company Profile

(Get Free Report)

Bon Natural Life Limited is a China-based company that develops, manufactures and sells natural functional ingredients and related products. The company focuses on plant-based and other naturally derived materials used in food, beverage, dietary supplement and personal-care applications.

Its product portfolio includes botanical extracts, fruit and vegetable powders, mushroom-based ingredients, natural sweeteners and other functional food ingredients. Bon Natural Life also provides flavor and fragrance-related products designed for use by manufacturers seeking natural or specialty ingredient solutions.

The company’s operations are primarily based in China, where it serves customers in the food, nutrition, health and consumer-products industries.

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