Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Short Interest Up 51.7% in December

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 3,953,800 shares, an increase of 51.7% from the November 30th total of 2,605,800 shares. Based on an average trading volume of 8,200 shares, the days-to-cover ratio is presently 482.2 days.

Nine Dragons Paper Price Performance

Shares of Nine Dragons Paper stock remained flat at $0.40 on Monday. Nine Dragons Paper has a 52 week low of $0.37 and a 52 week high of $0.59. The company’s 50-day simple moving average is $0.43 and its 200 day simple moving average is $0.42.

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.