Short Interest in Borregaard ASA (OTCMKTS:BRRDF) Rises By 8.4%

Borregaard ASA (OTCMKTS:BRRDFGet Rating) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 18,000 shares, an increase of 8.4% from the August 15th total of 16,600 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of Borregaard ASA from a “buy” rating to a “hold” rating in a report on Thursday, August 18th.

Borregaard ASA Price Performance

Shares of OTCMKTS:BRRDF opened at $18.20 on Wednesday. Borregaard ASA has a fifty-two week low of $18.20 and a fifty-two week high of $25.15. The business has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $19.16.

About Borregaard ASA

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Borregaard ASA develops, produces, and markets specialized biomaterials, biochemicals, and biofuels in Norway, rest of Europe, the United States, Asia, and internationally. It operates through three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment provides biopolymers for a range of applications, such as agrochemicals, batteries, industrial binders, and construction; and biovanillin for flavor and fragrance companies, as well as for food and beverage industry.

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