Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Declines By 15.4%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,300,500 shares, a drop of 15.4% from the September 30th total of 2,719,600 shares. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is currently 500.1 days.

Nine Dragons Paper Stock Performance

Shares of OTCMKTS NDGPF remained flat at $0.46 during mid-day trading on Monday. Nine Dragons Paper has a 12 month low of $0.37 and a 12 month high of $0.59. The company’s 50 day simple moving average is $0.42 and its 200 day simple moving average is $0.44.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.