Billerud AB (publ) (OTCMKTS:BLRDF) Short Interest Up 135.0% in May

Billerud AB (publ) (OTCMKTS:BLRDF) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 106,823 shares, a growth of 135.0% from the April 30th total of 45,455 shares. Based on an average trading volume of 91 shares, the days-to-cover ratio is currently 1,173.9 days.

Billerud AB (publ) Stock Performance

OTCMKTS BLRDF opened at $7.41 on Tuesday. Billerud AB has a 12 month low of $6.41 and a 12 month high of $11.50. The company’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $8.66.

Billerud AB (publ) Company Profile

Billerud AB (publ) is a Sweden-based pulp and paper company specializing in sustainable packaging materials and solutions. The company produces a range of fibre-based products, including containerboard, corrugating medium, sack kraft paper and speciality paper. Through its integrated production network, Billerud AB supplies raw materials and finished solutions to customers in the consumer packaging, e-commerce, food service and industrial sectors.

The roots of Billerud AB date back to the establishment of the Gruvön mill in 1647 and the Korsnäs operations in the mid-19th century.