Short Interest in Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) Increases By 162.5%

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,100 shares, an increase of 162.5% from the September 30th total of 800 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is presently 0.6 days.

Lee & Man Paper Manufacturing Stock Performance

Lee & Man Paper Manufacturing stock traded up $0.04 during midday trading on Friday, reaching $3.16. The stock had a trading volume of 3,900 shares, compared to its average volume of 3,173. Lee & Man Paper Manufacturing has a 12 month low of $2.35 and a 12 month high of $4.02. The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.01.

Lee & Man Paper Manufacturing Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.0675 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Lee & Man Paper Manufacturing’s previous dividend of $0.07. Lee & Man Paper Manufacturing’s payout ratio is 3.23%.

About Lee & Man Paper Manufacturing

Lee & Man Paper Manufacturing Limited, an investment holding company, engages in the manufacture and trading of packaging papers, pulps, and tissue papers in the People's Republic of China, Vietnam, Malaysia, Macau, and Hong Kong. The company operates through Packaging Paper, Tissue Paper, and Pulp segments.