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

Billerud AB (publ) (OTCMKTS:BLRDF) was the target of a large growth in short interest during 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 daily trading volume, of 91 shares, the short-interest ratio is presently 1,173.9 days.

Billerud AB (publ) Stock Performance

Shares of OTCMKTS BLRDF opened at $7.41 on Monday. The company has a 50 day simple moving average of $7.75 and a 200-day simple moving average of $8.67. Billerud AB has a 1 year low of $6.41 and a 1 year high of $11.50.

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.