Borregaard ASA (OTCMKTS:BRRDF) Sees Significant Growth in Short Interest

Borregaard ASA (OTCMKTS:BRRDF) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 46,200 shares, an increase of 46.7% from the October 31st total of 31,500 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 462.0 days.

Borregaard ASA Price Performance

OTCMKTS:BRRDF remained flat at $17.40 during mid-day trading on Friday. Borregaard ASA has a 12-month low of $17.40 and a 12-month high of $17.40. The company’s fifty day moving average price is $17.40 and its two-hundred day moving average price is $17.39.

About Borregaard ASA

Borregaard ASA engages in the development, production, and marketing of specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment develops, produces, and sells biopolymers for various applications, such as agrochemicals, batteries, industrial binders, and construction; and biovanillin for flavor and fragrance companies, as well as for food and beverage industry.