Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Stock Short Interest Falls 82.8%

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) saw a significant decline in short interest in the month of 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 daily volume of 88,018 shares, the short-interest ratio is presently 5.6 days.

Wall Street Analyst Weigh In

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

Nongfu Spring Stock Up 1.2%

NNFSF traded up $0.06 on Friday, hitting $5.07. The company had a trading volume of 110 shares, compared to its average volume of 31,940. The company’s fifty day moving average price is $5.31 and its 200 day moving average price is $5.68. Nongfu Spring has a 1 year low of $5.01 and a 1 year high of $6.12.

Nongfu Spring Company Profile

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.