Nine Dragons Paper (OTCMKTS:NDGPY) Sees Large Increase in Short Interest

Nine Dragons Paper (OTCMKTS:NDGPY) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,669 shares, an increase 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 trading volume, of 1,772 shares, the days-to-cover ratio is presently 1.5 days.

Nine Dragons Paper Stock Performance

Shares of NDGPY stock remained flat at $11.70 during midday trading on Tuesday. 775 shares of the company traded hands, compared to its average volume of 869. Nine Dragons Paper has a 1-year low of $11.65 and a 1-year high of $22.80. The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $17.60. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 1.12.

Nine Dragons Paper Company Profile

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.