Kingboard Laminates Holdings Limited (OTCMKTS:KGBLY) Sees Significant Decrease in Short Interest

Kingboard Laminates Holdings Limited (OTCMKTS:KGBLY) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 26 shares, a decline of 59.4% from the June 15th total of 64 shares. Based on an average daily volume of 130 shares, the days-to-cover ratio is currently 0.2 days.

Kingboard Laminates Stock Performance

Shares of KGBLY remained flat at C$214.10 during midday trading on Tuesday. The business’s 50-day moving average price is C$133.14 and its 200 day moving average price is C$72.86. Kingboard Laminates has a 12-month low of C$171.92 and a 12-month high of C$214.10.

Kingboard Laminates Company Profile

Kingboard Laminates Holdings Limited, an investment holding company, manufactures and sells laminates in the People's Republic of China, other Asian countries, Europe, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates. It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, and PVB. In addition, the company sells and rents properties; trades in copper; and provides hotel accommodation services.