Short Interest in The Navigator Company, S.A. (OTCMKTS:POELF) Declines By 96.5%

The Navigator Company, S.A. (OTCMKTS:POELF) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 25,272 shares, a drop of 96.5% from the May 14th total of 720,325 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Navigator Stock Performance

Shares of OTCMKTS POELF remained flat at $3.60 during midday trading on Tuesday. The business’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.62. Navigator has a one year low of $3.60 and a one year high of $3.63.

Navigator Company Profile

The Navigator Company, SA manufactures and markets pulp and paper products worldwide. The company operates through Market Pulp, UWF Paper, Tissue Paper, and Biomass Renewable Energy segments. It produces bleached eucalyptus kraft pulp, uncoated writing and printing thin paper, and domestic consumption paper under the Navigator, Multioffice, Discovery, explorer, Inacopia, Target, Pioneer, SOPORSET, INASET, and target plus brands for professional and home use. The company also operates cogeneration units and two independent thermoelectric power plants.