Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) Sees Significant Increase in Short Interest

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,975,787 shares, a growth of 159.3% from the May 31st total of 1,918,787 shares. Based on an average daily volume of 404 shares, the days-to-cover ratio is presently 12,316.3 days.

Nine Dragons Paper Stock Performance

Shares of NDGPF opened at $0.90 on Monday. The firm has a 50-day moving average price of $0.86 and a 200 day moving average price of $0.90. Nine Dragons Paper has a 52-week low of $0.42 and a 52-week high of $1.24.

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.