Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) Drops By 96.0%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a decrease of 96.0% from the January 31st total of 2,500 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 0.1 days.

Nine Dragons Paper Price Performance

OTCMKTS:NDGPY remained flat at $8.42 during mid-day trading on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. Nine Dragons Paper has a 1 year low of $6.90 and a 1 year high of $11.56. The stock has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $8.26.

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.