Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Short Interest Up 51.7% in December

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,953,800 shares, an increase of 51.7% from the November 30th total of 2,605,800 shares. Based on an average daily trading volume, of 8,200 shares, the days-to-cover ratio is currently 482.2 days.

Nine Dragons Paper Price Performance

NDGPF remained flat at $0.40 during trading on Monday. Nine Dragons Paper has a one year low of $0.37 and a one year high of $0.59. The firm has a fifty day moving average price of $0.43 and a two-hundred day moving average price of $0.42.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.