Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Short Interest Up 51.7% in December

by · The Markets Daily

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,953,800 shares, an increase of 51.7% from the November 30th total of 2,605,800 shares. Based on an average daily volume of 8,200 shares, the short-interest ratio is presently 482.2 days.

Nine Dragons Paper Price Performance

Shares of OTCMKTS:NDGPF remained flat at $0.40 on Friday. Nine Dragons Paper has a twelve month low of $0.37 and a twelve month high of $0.59. The firm’s 50-day moving average is $0.43 and its two-hundred day moving average is $0.42.

About Nine Dragons Paper

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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.

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