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

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 490,829 shares, a decrease of 82.8% from the August 31st total of 2,861,384 shares. Based on an average daily trading volume, of 88,018 shares, the short-interest ratio is currently 5.6 days.

Nongfu Spring Trading Up 1.2%

OTCMKTS:NNFSF traded up $0.06 on Friday, hitting $5.07. 110 shares of the company’s stock traded hands, compared to its average volume of 31,940. Nongfu Spring has a 1 year low of $5.01 and a 1 year high of $6.12. The firm has a 50-day moving average price of $5.31 and a 200-day moving average price of $5.68.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Nongfu Spring in a research report on Monday, June 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Nongfu Spring has an average rating of “Buy”.

About Nongfu Spring

Nongfu Spring Co, Ltd. is a Chinese beverage company primarily engaged in the production and sale of packaged drinking water and non-alcoholic beverages. Its portfolio includes natural drinking water, purified water, tea beverages, fruit juices, functional drinks and other ready-to-drink products.

The company markets products under brands including Nongfu Spring, Oriental Leaf, Scream, Nongfu Orchard and Vitamin Water. It serves consumers throughout mainland China through retail stores, supermarkets, convenience stores, e-commerce platforms and other distribution channels, with some products also available in overseas markets.

Founded in 1996, Nongfu Spring is headquartered in Hangzhou, Zhejiang Province, China.