Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Short Interest Update

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 5,813,032 shares, a decrease of 39.1% from the June 30th total of 9,545,220 shares. Based on an average daily trading volume, of 1,368 shares, the days-to-cover ratio is presently 4,249.3 days.

Nongfu Spring Stock Performance

Nongfu Spring stock remained flat at $5.17 during trading on Friday. Nongfu Spring has a 52 week low of $5.10 and a 52 week high of $6.12. The firm’s 50 day moving average price is $5.32 and its 200 day moving average price is $5.98.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein began coverage on shares of Nongfu Spring in a research 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 MarketBeat, the stock presently has an average rating of “Buy”.

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.