Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) Sees Significant Drop in Short Interest

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,500 shares, a drop of 28.6% from the January 15th total of 3,500 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 4.2 days.

Nine Dragons Paper Stock Performance

NDGPY remained flat at $7.97 during trading on Friday. 5 shares of the company’s stock were exchanged, compared to its average volume of 320. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 1.16. Nine Dragons Paper has a 1 year low of $6.90 and a 1 year high of $11.56. The company’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $8.19.

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.