Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Grows By 249.5%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,819,800 shares, an increase of 249.5% from the December 15th total of 3,953,800 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Nine Dragons Paper Price Performance

Shares of OTCMKTS NDGPF opened at $0.35 on Thursday. Nine Dragons Paper has a 52 week low of $0.35 and a 52 week high of $0.59. The business’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $0.41.

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.