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

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,953,800 shares, a growth of 51.7% from the November 30th total of 2,605,800 shares. Based on an average daily volume of 8,200 shares, the short-interest ratio is currently 482.2 days.

Nine Dragons Paper Stock Performance

Shares of NDGPF stock remained flat at $0.40 during trading hours on Monday. The company has a 50-day simple moving average of $0.43 and a 200 day simple moving average of $0.42. Nine Dragons Paper has a 12 month low of $0.37 and a 12 month 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.