Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Short Interest Down 39.1% in July

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

Nongfu Spring Stock Performance

Shares of OTCMKTS NNFSF remained flat at $5.17 during midday trading on Friday. The stock had a trading volume of 5 shares, compared to its average volume of 39,354. The business’s fifty day moving average is $5.32 and its 200 day moving average is $5.97. Nongfu Spring has a fifty-two week low of $5.10 and a fifty-two week high of $6.12.

Analysts Set New Price Targets

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