NF Energy Saving Corp (NASDAQ:BIMI) Short Interest Up 38.8% in July

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

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

NASDAQ BIMI 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. The stock has a 50-day moving average of $2.37 and a 200 day moving average of $2.85. NF Energy Saving has a one year low of $1.03 and a one year high of $12.00.

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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