Nine Dragons Paper (OTCMKTS:NDGPY) Sees Large Increase in Short Interest

Nine Dragons Paper (OTCMKTS:NDGPY) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,669 shares, a growth of 985.0% from the October 15th total of 246 shares. Based on an average trading volume of 1,772 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the shares of the company are sold short.

Nine Dragons Paper Price Performance

Shares of NDGPY stock remained flat at $11.70 during trading on Tuesday. The company had a trading volume of 775 shares, compared to its average volume of 869. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. Nine Dragons Paper has a 1-year low of $11.65 and a 1-year high of $22.80. The business has a fifty day moving average price of $14.71 and a two-hundred day moving average price of $17.60.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.