Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF) Short Interest Down 37.9% in May

Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,998,197 shares, a decrease of 37.9% from the May 14th total of 14,479,118 shares. Based on an average daily volume of 55,246 shares, the short-interest ratio is presently 162.9 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein began coverage on shares of Nongfu Spring in a research note on Monday. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Get Nongfu Spring alerts:

Check Out Our Latest Stock Analysis on Nongfu Spring

Nongfu Spring Stock Performance

OTCMKTS:NNFSF remained flat at $5.49 during mid-day trading on Wednesday. Nongfu Spring has a 1 year low of $5.40 and a 1 year high of $6.12. The stock has a fifty day simple moving average of $5.95 and a 200 day simple moving average of $6.24.

Nongfu Spring Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Nongfu Spring
• Dave & Buster’s Q1 Miss Raises the Stakes for Its Turnaround Plan
• Flying Under the Radar: Lockheed Martin’s $2.8B Stealth Setup
• Bread’s Comeback Is Real—But Is the Easy Money Gone?
• Ollie’s Stock Has Lagged Despite Earnings Beats—What’s Holding It Back?

Receive News & Ratings for Nongfu Spring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nongfu Spring and related companies with MarketBeat.com's FREE daily email newsletter.