Billerud AB (publ) (OTCMKTS:BLRDF) Sees Significant Drop in Short Interest

Billerud AB (publ) (OTCMKTS:BLRDF) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 851,700 shares, a decline of 21.8% from the January 15th total of 1,089,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 8,517.0 days.

Billerud AB (publ) Price Performance

Shares of Billerud AB (publ) stock remained flat at $9.50 during trading on Friday. Billerud AB has a 52-week low of $8.39 and a 52-week high of $11.29. The firm’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $9.64.

About Billerud AB (publ)

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Solutions & Other segments. The Region Europe segment manufactures and sells liquid packaging board, kraft paper, containerboard, cartonboard, sack paper and market pulp, which are primarily used to produce packaging for food and beverages, industrial, medical and hygiene, as well as consumer and luxury goods.