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

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

Nongfu Spring Stock Performance

Nongfu Spring stock remained flat at $5.49 during midday trading on Tuesday. 155,995 shares of the company’s stock traded hands, compared to its average volume of 67,999. Nongfu Spring has a 12-month low of $5.40 and a 12-month high of $6.12. The business’s 50 day simple moving average is $5.97 and its 200-day simple moving average is $6.25.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on shares of Nongfu Spring in a research note on Monday. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Nongfu Spring 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.