Short Interest in Billerud AB (publ) (OTCMKTS:BLRDF) Declines By 74.3%

Billerud AB (publ) (OTCMKTS:BLRDF) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 71,596 shares, a decrease of 74.3% from the August 15th total of 278,631 shares. Based on an average daily trading volume, of 135 shares, the short-interest ratio is currently 530.3 days.

Billerud AB (publ) Price Performance

Billerud AB (publ) stock opened at $8.49 on Friday. The company’s 50-day moving average price is $7.54 and its two-hundred day moving average price is $7.65. Billerud AB has a twelve month low of $6.23 and a twelve month high of $9.41.

Billerud AB (publ) Company Profile

Billerud AB (publ) is a Sweden-based pulp and paper company specializing in sustainable packaging materials and solutions. The company produces a range of fibre-based products, including containerboard, corrugating medium, sack kraft paper and speciality paper. Through its integrated production network, Billerud AB supplies raw materials and finished solutions to customers in the consumer packaging, e-commerce, food service and industrial sectors.

The roots of Billerud AB date back to the establishment of the Gruvön mill in 1647 and the Korsnäs operations in the mid-19th century.