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

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

Nongfu Spring Price Performance

Shares of OTCMKTS:NNFSF opened at $5.01 on Friday. Nongfu Spring has a 52-week low of $5.01 and a 52-week high of $6.12. The stock has a 50 day moving average price of $5.31 and a 200-day moving average price of $5.68.

Analyst Ratings Changes

Separately, Sanford C. Bernstein started coverage on shares of Nongfu Spring in a report on Monday, June 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average 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.