Nine Dragons Paper (OTCMKTS:NDGPY) Short Interest Up 400.0% in January

Nine Dragons Paper (OTCMKTS:NDGPY) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 85 shares, a growth of 400.0% from the December 31st total of 17 shares. Based on an average daily volume of 91 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 91 shares, the short-interest ratio is presently 0.9 days.

Nine Dragons Paper Price Performance

NDGPY opened at $17.10 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.75 and a current ratio of 1.07. Nine Dragons Paper has a 52 week low of $6.60 and a 52 week high of $17.10. The business has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $13.70.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.