Bon Natural Life Limited (NASDAQ:BON) Sees Large Increase in Short Interest

Bon Natural Life Limited (NASDAQ:BON) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,935 shares, an increase of 82.6% from the July 15th total of 7,633 shares. Based on an average daily volume of 9,970 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Bon Natural Life in a report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Bon Natural Life Stock Up 0.6%

Bon Natural Life stock traded up $0.01 during midday trading on Tuesday, hitting $1.15. 363 shares of the stock were exchanged, compared to its average volume of 33,802. Bon Natural Life has a 52-week low of $1.05 and a 52-week high of $3.40. The business’s 50-day moving average price is $1.18 and its 200-day moving average price is $1.33.

About Bon Natural Life

Bon Natural Life Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of functional active ingredients extracted from natural herb plants in the People’s Republic of China and internationally. The company provides personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers; natural health supplements comprising powder drinks and bioactive food ingredient products primarily used as food additives; and nutritional supplements.