Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Short Interest Down 37.9% in May

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 8,998,197 shares, a decline of 37.9% from the May 14th total of 14,479,118 shares. Based on an average daily volume of 55,246 shares, the days-to-cover ratio is currently 162.9 days.

Nongfu Spring Stock Performance

Shares of OTCMKTS NNFSF opened at $5.49 on Monday. The firm has a 50 day moving average price of $5.98 and a 200 day moving average price of $6.25. Nongfu Spring has a 52-week low of $5.40 and a 52-week high of $6.12.

Nongfu Spring Company Profile

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.