Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) Sees Large Growth in Short Interest

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the July 15th total of 100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 4.7 days.

Nine Dragons Paper Stock Performance

Shares of NDGPY stock traded up $0.69 during trading on Monday, reaching $7.65. The company’s stock had a trading volume of 322 shares, compared to its average volume of 1,016. The business has a fifty day moving average price of $8.70 and a 200-day moving average price of $8.91. Nine Dragons Paper has a one year low of $6.96 and a one year high of $11.61.

About Nine Dragons Paper

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.