Borregaard ASA (OTCMKTS:BRRDF) Short Interest Update

Borregaard ASA (OTCMKTS:BRRDF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 41,000 shares, an increase of 25.0% from the March 31st total of 32,800 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 102.5 days.

Borregaard ASA Stock Performance

Shares of OTCMKTS:BRRDF opened at $17.40 on Tuesday. The firm’s 50 day simple moving average is $16.30 and its 200 day simple moving average is $15.76. Borregaard ASA has a fifty-two week low of $17.40 and a fifty-two week high of $17.40.

About Borregaard ASA

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