Short Interest in Bon Natural Life Limited (NASDAQ:BON) Drops By 55.4%

Bon Natural Life Limited (NASDAQ:BON) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 12,398 shares, a drop of 55.4% from the May 14th total of 27,788 shares. Based on an average trading volume of 12,225 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

Bon Natural Life Trading Down 8.8%

Shares of NASDAQ:BON traded down $0.13 on Friday, hitting $1.35. 40,543 shares of the company traded hands, compared to its average volume of 26,116. Bon Natural Life has a 52 week low of $1.13 and a 52 week high of $3.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $1.51.

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.