Short Interest in Bon Natural Life Limited (NASDAQ:BON) Expands By 68.7%

Bon Natural Life Limited (NASDAQ:BON) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 23,506 shares, an increase of 68.7% from the July 30th total of 13,935 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,869 shares, the days-to-cover ratio is presently 3.0 days.

Bon Natural Life Trading Down 2.6%

Shares of NASDAQ:BON traded down $0.03 during midday trading on Tuesday, reaching $1.11. The company had a trading volume of 8,275 shares, compared to its average volume of 32,087. The company has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $1.29. Bon Natural Life has a 1-year low of $1.05 and a 1-year high of $3.40.

Analysts Set New Price Targets

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

Bon Natural Life Company Profile

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.