Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Short Interest Update

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the recipient of a significant drop in short interest in the month of 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 daily trading volume, of 4,600 shares, the short-interest ratio is currently 500.1 days.

Nine Dragons Paper Stock Performance

Shares of NDGPF remained flat at $0.46 during mid-day trading on Wednesday. The business has a 50-day moving average price of $0.42 and a two-hundred day moving average price of $0.45. Nine Dragons Paper has a one year low of $0.37 and a one year 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.