Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Drops By 50.5%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 3,093,787 shares, a drop of 50.5% from the December 15th total of 6,256,042 shares. Based on an average trading volume of 37,636 shares, the short-interest ratio is presently 82.2 days. Based on an average trading volume of 37,636 shares, the short-interest ratio is presently 82.2 days.

Nine Dragons Paper Stock Performance

Shares of NDGPF stock traded up $0.23 during trading hours on Thursday, hitting $0.95. 1,000 shares of the company were exchanged, compared to its average volume of 27,026. Nine Dragons Paper has a one year low of $0.35 and a one year high of $0.95. The business’s 50-day simple moving average is $0.75 and its two-hundred day simple moving average is $0.64.

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.