Borregaard ASA (OTCMKTS:BRRDF) Sees Significant Drop in Short Interest

Borregaard ASA (OTCMKTS:BRRDF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 17,900 shares, a decline of 81.9% from the December 15th total of 98,700 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Borregaard ASA Price Performance

OTCMKTS BRRDF remained flat at $17.40 during mid-day trading on Wednesday. The business’s 50 day moving average price is $17.40 and its 200-day moving average price is $17.39. Borregaard ASA has a one year low of $17.40 and a one year high of $17.40.

Borregaard ASA Company Profile

Borregaard ASA engages in the development, production, and marketing of specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment develops, produces, and sells biopolymers for various applications, such as agrochemicals, batteries, industrial binders, and construction; and biovanillin for flavor and fragrance companies, as well as for food and beverage industry.