Nine Dragons Paper (OTCMKTS:NDGPY) Sees Large Increase in Short Interest

Nine Dragons Paper (OTCMKTS:NDGPY) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 85 shares, a growth of 400.0% from the December 31st total of 17 shares. Based on an average daily volume of 91 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 91 shares, the short-interest ratio is presently 0.9 days.

Nine Dragons Paper Stock Performance

NDGPY opened at $17.10 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $15.31 and its 200-day moving average price is $13.64. Nine Dragons Paper has a one year low of $6.60 and a one year high of $17.10.

About Nine Dragons Paper

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.