Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Drops By 44.0%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 3,011,511 shares, a drop of 44.0% from the January 29th total of 5,382,000 shares. Based on an average daily trading volume, of 760 shares, the days-to-cover ratio is currently 3,962.5 days. Based on an average daily trading volume, of 760 shares, the days-to-cover ratio is currently 3,962.5 days.

Nine Dragons Paper Trading Up 7.8%

NDGPF stock opened at $1.10 on Monday. The company’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.77. Nine Dragons Paper has a 12 month low of $0.35 and a 12 month high of $1.24.

About Nine Dragons Paper

Nine Dragons Paper (OTCMKTS: NDGPF) is a Hong Kong‐based paperboard manufacturing company principally engaged in the production of containerboard and packaging products. Its comprehensive product portfolio includes linerboard, corrugating medium, coated duplex board and testliner, which serve a wide range of end markets spanning e-commerce, consumer goods, industrial packaging and food service. The company also operates complementary businesses in waste paper procurement and paper recycling, integrating raw material sourcing with production to support sustainable manufacturing practices.

Since its founding in 1995, Nine Dragons Paper has developed a multi-regional manufacturing footprint, operating multiple production facilities throughout mainland China and Vietnam.