Borregaard ASA (OTCMKTS:BRRDF) Short Interest Up 174.9% in January

Borregaard ASA (OTCMKTS:BRRDF) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 49,200 shares, a growth of 174.9% from the December 31st total of 17,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 492.0 days.

Borregaard ASA Stock Performance

Shares of OTCMKTS BRRDF remained flat at $17.40 during midday trading on Thursday. The company’s 50-day simple moving average is $17.40 and its 200-day simple moving average is $17.39. Borregaard ASA has a 12 month low of $17.40 and a 12 month high of $17.40.

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.