Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,861,384 shares, a decrease of 39.2% from the August 15th total of 4,703,038 shares. Based on an average daily volume of 569 shares, the short-interest ratio is presently 5,028.8 days.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein assumed coverage on shares of Nongfu Spring in a research note on Monday, June 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nongfu Spring has a consensus rating of “Buy”.
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Nongfu Spring Stock Performance
About Nongfu Spring
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.
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