Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) Short Interest Down 28.6% in January

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,500 shares, a decrease of 28.6% from the January 15th total of 3,500 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 4.2 days.

Nine Dragons Paper Stock Performance

NDGPY stock remained flat at $7.97 during trading on Friday. 5 shares of the company’s stock were exchanged, compared to its average volume of 320. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 1.16. The stock has a 50 day moving average price of $8.20 and a 200 day moving average price of $8.19. Nine Dragons Paper has a twelve month low of $6.90 and a twelve month high of $11.56.

Nine Dragons Paper Company Profile

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.