Bon Natural Life Limited (NASDAQ:BON) Sees Significant Increase in Short Interest

Bon Natural Life Limited (NASDAQ:BON) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 32,258 shares, a growth of 134.6% from the December 15th total of 13,749 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 38,149 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 38,149 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Bon Natural Life Price Performance

BON stock opened at $1.72 on Wednesday. The firm has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $1.69. Bon Natural Life has a twelve month low of $1.14 and a twelve month high of $73.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bon Natural Life in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Bon Natural Life

Bon Natural Life Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of functional active ingredients extracted from natural herb plants in the People’s Republic of China and internationally. The company provides personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers; natural health supplements comprising powder drinks and bioactive food ingredient products primarily used as food additives; and nutritional supplements.