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

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

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on Nongfu Spring in a 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 data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Nongfu Spring Price Performance

Shares of NNFSF remained flat at $5.21 during trading on Wednesday. The business has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.74. Nongfu Spring has a 52 week low of $5.10 and a 52 week high of $6.12.

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.