Short Interest in Billerud AB (publ) (OTCMKTS:BLRDF) Declines By 74.3%

Billerud AB (publ) (OTCMKTS:BLRDF) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 71,596 shares, a decline of 74.3% from the August 15th total of 278,631 shares. Based on an average trading volume of 135 shares, the short-interest ratio is currently 530.3 days.

Billerud AB (publ) Price Performance

BLRDF opened at $8.49 on Friday. Billerud AB has a one year low of $6.23 and a one year high of $9.41. The company’s 50 day simple moving average is $7.54 and its 200-day simple moving average is $7.65.

Billerud AB (publ) Company Profile

Billerud AB (publ) is a Sweden-based pulp and paper company specializing in sustainable packaging materials and solutions. The company produces a range of fibre-based products, including containerboard, corrugating medium, sack kraft paper and speciality paper. Through its integrated production network, Billerud AB supplies raw materials and finished solutions to customers in the consumer packaging, e-commerce, food service and industrial sectors.

The roots of Billerud AB date back to the establishment of the Gruvön mill in 1647 and the Korsnäs operations in the mid-19th century.