Nongfu Spring Co., Ltd. (OTCMKTS:NNFSF – Get Rating) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 5,821,800 shares, a drop of 16.8% from the May 15th total of 6,994,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 58,218.0 days.
Separately, The Goldman Sachs Group downgraded Nongfu Spring from a “buy” rating to a “neutral” rating in a research report on Thursday, April 21st.
Shares of NNFSF opened at $5.10 on Thursday. The stock has a 50-day simple moving average of $5.54 and a 200-day simple moving average of $5.65. Nongfu Spring has a 1 year low of $4.90 and a 1 year high of $5.98.
Nongfu Spring Co, Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China. It operates through five segments: Water Products, Ready-To-Drink Tea Products, Functional Drinks Products, Juice Beverage Products, and Other Products. The company also offers tea beverage products; functional drink products; fruit juice products; and other beverage products, such as soda water beverages, sparkling flavored beverages, coffee beverages, and plant-based yogurt products, as well as agricultural products comprising fresh fruits.
- Get a free copy of the StockNews.com research report on Nongfu Spring (NNFSF)
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