The Navigator Company, S.A. (OTCMKTS:POELF) Sees Large Increase in Short Interest

The Navigator Company, S.A. (OTCMKTS:POELF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 704,529 shares, an increase of 2,687.8% from the May 31st total of 25,272 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Navigator Stock Performance

Navigator stock remained flat at $3.60 during trading hours on Friday. The firm’s fifty day moving average price is $3.60 and its 200-day moving average price is $3.62. Navigator has a 1-year low of $3.60 and a 1-year high of $3.62.

About Navigator

The Navigator Company, SA manufactures and markets pulp and paper products worldwide. The company operates through Market Pulp, UWF Paper, Tissue Paper, and Biomass Renewable Energy segments. It produces bleached eucalyptus kraft pulp, uncoated writing and printing thin paper, and domestic consumption paper under the Navigator, Multioffice, Discovery, explorer, Inacopia, Target, Pioneer, SOPORSET, INASET, and target plus brands for professional and home use. The company also operates cogeneration units and two independent thermoelectric power plants.