Billerud AB (publ) (OTCMKTS:BLRDF) Sees Large Drop in Short Interest

Billerud AB (publ) (OTCMKTS:BLRDF) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 99,800 shares, a drop of 85.5% from the February 28th total of 687,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 998.0 days.

Billerud AB (publ) Stock Performance

OTCMKTS BLRDF remained flat at $11.48 during trading hours on Thursday. The stock’s 50 day moving average is $10.02 and its two-hundred day moving average is $9.81. Billerud AB has a one year low of $8.39 and a one year high of $11.48.

Billerud AB (publ) Company Profile

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Solutions & Other segments. The Region Europe segment manufactures and sells liquid packaging board, kraft paper, containerboard, cartonboard, sack paper and market pulp, which are primarily used to produce packaging for food and beverages, industrial, medical and hygiene, as well as consumer and luxury goods.