Borregaard ASA (OTCMKTS:BRRDF – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 98,628 shares, a drop of 75.1% from the October 15th total of 395,990 shares. Based on an average daily volume of 1,039 shares, the days-to-cover ratio is currently 94.9 days.
Borregaard ASA Stock Performance
BRRDF stock opened at $15.10 on Thursday. The firm has a 50 day moving average of $14.75 and a 200 day moving average of $16.62. Borregaard ASA has a 52 week low of $15.10 and a 52 week high of $15.58.
Borregaard ASA Company Profile
Borregaard ASA is a Norway-based biorefinery company headquartered in Sarpsborg. The company uses wood and other renewable biomass to develop and manufacture biobased products that can replace petroleum-derived materials in industrial and consumer applications. Its business includes biopolymers, specialty cellulose, lignin-based products, bioethanol and fine chemicals. These products are used in areas such as construction materials, agriculture, animal feed, food ingredients, pharmaceuticals, cosmetics, packaging and other industrial processes.
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