Nine Dragons Paper (OTCMKTS:NDGPY) Stock Short Interest Climbs 985.0%

Nine Dragons Paper (OTCMKTS:NDGPY) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 2,669 shares, a growth of 985.0% from the October 15th total of 246 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,772 shares, the days-to-cover ratio is presently 1.5 days.

Nine Dragons Paper Trading Down 4.7%

OTCMKTS NDGPY traded down $0.54 during trading on Thursday, hitting $11.15. 436 shares of the company’s stock traded hands, compared to its average volume of 614. The stock has a fifty day moving average of $14.58 and a two-hundred day moving average of $17.57. Nine Dragons Paper has a 12-month low of $11.15 and a 12-month high of $22.80. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 1.12.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.