Short Interest in Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) Decreases By 50.0%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 100 shares, a decline of 50.0% from the March 15th total of 200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 300 shares, the short-interest ratio is presently 0.3 days.

Nine Dragons Paper Stock Performance

Shares of OTCMKTS:NDGPY remained flat at $7.72 on Wednesday. 30 shares of the stock traded hands, compared to its average volume of 905. 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 one year low of $6.60 and a one year high of $11.56. The firm’s 50 day moving average price is $8.03 and its 200 day moving average price is $8.37.

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.