Nine Dragons Paper (OTCMKTS:NDGPY) Shares Shorted: Short Interest Up 985.0% in October

Nine Dragons Paper (OTCMKTS:NDGPY) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,669 shares, a growth of 985.0% from the October 15th total of 246 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,772 shares, the days-to-cover ratio is currently 1.5 days.

Nine Dragons Paper Price Performance

Shares of OTCMKTS:NDGPY remained flat at $11.70 during trading on Wednesday. 775 shares of the stock traded hands, compared to its average volume of 869. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.12 and a quick ratio of 0.82. The business’s 50-day simple moving average is $14.71 and its two-hundred day simple moving average is $17.60. Nine Dragons Paper has a 52-week low of $11.65 and a 52-week high of $22.80.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.