Short Interest in NF Energy Saving Corp (NASDAQ:BIMI) Rises By 38.8%

NF Energy Saving Corp (NASDAQ:BIMI) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 604,500 shares, a growth of 38.8% from the June 30th total of 435,600 shares. Currently, 17.5% of the shares of the stock are sold short. Based on an average trading volume of 747,300 shares, the short-interest ratio is currently 0.8 days.

Separately, ValuEngine upgraded shares of NF Energy Saving from a “hold” rating to a “buy” rating in a research report on Friday, July 3rd.

Shares of NF Energy Saving stock opened at $1.89 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. NF Energy Saving has a 12 month low of $1.03 and a 12 month high of $12.00. The business’s 50-day moving average price is $2.37 and its 200-day moving average price is $2.85.

NF Energy Saving Company Profile

NF Energy Saving Corporation, through its subsidiaries, engages in the production and sale of energy-saving and intelligent flow control equipment in the People's Republic of China. The company manufactures large diameter energy efficient intelligent flow control systems for thermal and nuclear power generation plants, and national and regional water supply projects, as well as for municipal water, gas, and heat supply pipeline networks.

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