Borregaard ASA (OTCMKTS:BRRDF) Short Interest Up 27.3% in February

Borregaard ASA (OTCMKTS:BRRDF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 101,647 shares, a growth of 27.3% from the January 29th total of 79,857 shares. Based on an average daily trading volume, of 207 shares, the days-to-cover ratio is presently 491.0 days. Based on an average daily trading volume, of 207 shares, the days-to-cover ratio is presently 491.0 days.

Borregaard ASA Price Performance

BRRDF opened at $19.18 on Wednesday. Borregaard ASA has a 12-month low of $18.30 and a 12-month high of $19.18. The firm’s fifty day moving average price is $19.25 and its 200 day moving average price is $19.36.

About Borregaard ASA

Borregaard ASA is a Norway-based advanced biorefinery company specializing in sustainable, wood-based solutions. Leveraging proprietary technologies, it produces a range of high-value products derived from lignocellulosic raw materials, including specialty cellulose, lignin derivatives, bioethanol, vanillin and fine chemicals. These offerings serve diverse industries such as construction, agriculture, personal care, food and pharmaceuticals, where they function as binders, dispersants, stabilizers and flavoring agents.

Founded in 1889 with the establishment of a pulp mill on the Glomma River in Sarpsborg, Borregaard has evolved from a traditional paper and pulp producer into a pioneer of bio-based materials.