The Navigator Company, S.A. (OTCMKTS:POELF) Shares Shorted: Short Interest Down 92.6% in September
by Kim Johansen · The Markets DailyThe Navigator Company, S.A. (OTCMKTS:POELF – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 59,119 shares, a decline of 92.6% from the September 15th total of 794,499 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
Navigator Stock Performance
OTCMKTS:POELF remained flat at $3.48 during trading hours on Friday. The company has a fifty day moving average of $3.59 and a 200-day moving average of $3.60. Navigator has a 12 month low of $3.48 and a 12 month high of $3.60.
About Navigator
The Navigator Company, SA is a Portuguese manufacturer of pulp, paper and related forest products. The company manages a vertically integrated business that includes forestry, wood procurement, pulp production and the manufacture of uncoated fine paper for office, publishing and commercial applications.
Navigator markets office paper under the Navigator brand and produces other paper products for international customers. Its activities also include tissue paper and packaging-related products, as well as the generation and sale of energy associated with its industrial operations.