Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Sees Significant Growth in Short Interest

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,634,800 shares, a growth of 23.1% from the August 31st total of 2,139,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nine Dragons Paper Price Performance

OTCMKTS:NDGPF remained flat at $0.46 during mid-day trading on Monday. 102,500 shares of the company traded hands, compared to its average volume of 30,547. Nine Dragons Paper has a 52-week low of $0.37 and a 52-week high of $0.59. The firm’s fifty day simple moving average is $0.38 and its 200-day simple moving average is $0.44.

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.