Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Short Interest Down 44.0% in February

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 3,011,511 shares, a decrease of 44.0% from the January 29th total of 5,382,000 shares. Based on an average daily trading volume, of 760 shares, the days-to-cover ratio is presently 3,962.5 days. Based on an average daily trading volume, of 760 shares, the days-to-cover ratio is presently 3,962.5 days.

Nine Dragons Paper Trading Up 7.8%

OTCMKTS:NDGPF opened at $1.10 on Friday. The firm’s 50 day simple moving average is $0.93 and its 200 day simple moving average is $0.77. Nine Dragons Paper has a one year low of $0.35 and a one year high of $1.24.

About Nine Dragons Paper

Nine Dragons Paper (OTCMKTS: NDGPF) is a Hong Kong‐based paperboard manufacturing company principally engaged in the production of containerboard and packaging products. Its comprehensive product portfolio includes linerboard, corrugating medium, coated duplex board and testliner, which serve a wide range of end markets spanning e-commerce, consumer goods, industrial packaging and food service. The company also operates complementary businesses in waste paper procurement and paper recycling, integrating raw material sourcing with production to support sustainable manufacturing practices.

Since its founding in 1995, Nine Dragons Paper has developed a multi-regional manufacturing footprint, operating multiple production facilities throughout mainland China and Vietnam.