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

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,861,384 shares, a decline of 39.2% from the August 15th total of 4,703,038 shares. Based on an average trading volume of 569 shares, the days-to-cover ratio is presently 5,028.8 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on Nongfu Spring in a research note on Monday, June 15th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Nongfu Spring Price Performance

OTCMKTS:NNFSF opened at $5.21 on Friday. Nongfu Spring has a twelve month low of $5.10 and a twelve month high of $6.12. The business has a 50 day moving average price of $5.32 and a two-hundred day moving average price of $5.73.

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.