Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Sees Significant Drop in Short Interest

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

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on shares of Nongfu Spring in a research note on Monday, June 15th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Nongfu Spring currently has a consensus rating of “Buy”.

Nongfu Spring Stock Performance

Shares of NNFSF remained flat at $5.17 during trading hours on Thursday. The business has a 50-day moving average price of $5.33 and a 200 day moving average price of $5.98. Nongfu Spring has a 1 year low of $5.10 and a 1 year 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.