Short Interest in The Navigator Company, S.A. (OTCMKTS:POELF) Declines By 90.8%

The Navigator Company, S.A. (OTCMKTS:POELF) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 186,335 shares, a drop of 90.8% from the July 15th total of 2,017,841 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Navigator Price Performance

Shares of OTCMKTS:POELF opened at $3.60 on Wednesday. The business’s 50 day simple moving average is $3.60 and its 200-day simple moving average is $3.61. Navigator has a 12 month low of $3.60 and a 12 month high of $3.62.

About Navigator

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.