Nine Dragons Paper (OTCMKTS:NDGPY) Sees Large Increase in Short Interest

Nine Dragons Paper (OTCMKTS:NDGPY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 55 shares, the short-interest ratio is presently 3.6 days.

Nine Dragons Paper Stock Performance

Shares of NDGPY stock remained flat at $13.78 on Wednesday. The stock had a trading volume of 138 shares, compared to its average volume of 66. Nine Dragons Paper has a twelve month low of $12.68 and a twelve month high of $22.80. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average of $17.01 and a 200 day moving average of $16.86.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Ltd. is a China-based paper manufacturing company that produces packaging paper and other paper products primarily from recovered paper and virgin pulp. Its product portfolio includes containerboard, corrugating medium, coated white top linerboard, recycled linerboard, printing and writing paper, specialty paper and pulp.

Founded in 1995, the company supplies paper used in corrugated boxes, consumer packaging, publishing and other industrial applications. Nine Dragons Paper serves customers through production facilities and operations in mainland China and international markets, including Vietnam, Malaysia and the United States.

The company is associated with founder and chairwoman Zhang Yin, who established the business with Liu Mingzhong.