Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Sees Significant Decrease in Short Interest

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 2,300,500 shares, a drop of 15.4% from the September 30th total of 2,719,600 shares. Based on an average trading volume of 4,600 shares, the short-interest ratio is currently 500.1 days.

Nine Dragons Paper Price Performance

Shares of OTCMKTS:NDGPF remained flat at $0.46 during midday trading on Wednesday. The business has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.45. Nine Dragons Paper has a 12-month low of $0.37 and a 12-month high of $0.59.

Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.