The Navigator Company, S.A. (OTCMKTS:POELF) Sees Large Growth in Short Interest

The Navigator Company, S.A. (OTCMKTS:POELF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 794,499 shares, an increase of 1,217.2% from the August 31st total of 60,319 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Navigator Stock Performance

Shares of POELF stock remained flat at $3.60 during trading hours on Thursday. Navigator has a 52-week low of $3.60 and a 52-week high of $3.62. The business has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.60.

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.