Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Short Interest Update
by Kim Johansen · The Markets DailyNongfu Spring Co., Ltd. (OTCMKTS:NNFSF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,861,384 shares, a decrease of 39.2% from the August 15th total of 4,703,038 shares. Based on an average daily trading volume, of 569 shares, the short-interest ratio is presently 5,028.8 days.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein started coverage on Nongfu Spring in a report on Monday, June 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Stock Report on NNFSF
Nongfu Spring Price Performance
Shares of NNFSF remained flat at $5.21 during trading on Wednesday. The business has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.74. Nongfu Spring has a 52 week low of $5.10 and a 52 week high of $6.12.
About Nongfu Spring
Nongfu Spring Co, Ltd. is a leading Chinese beverage company specializing in the production and distribution of bottled water and a broad range of liquid refreshments. The company’s core business centers on sourcing and bottling natural spring water from carefully selected locations across China, and it has built a strong reputation for purity and quality. In addition to its flagship still water products, Nongfu Spring offers a diversified portfolio that includes tea-based beverages, fruit juices, functional drinks and dairy-based lines.
Since its establishment in 1996 and with headquarters in Hangzhou, Zhejiang Province, Nongfu Spring has expanded its operations to serve consumers nationwide.