Borregaard ASA (OTCMKTS:BRRDF) Sees Large Decline in Short Interest

Borregaard ASA (OTCMKTS:BRRDF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 17,900 shares, a decline of 81.9% from the December 31st total of 98,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Borregaard ASA Stock Performance

BRRDF stock remained flat at $17.40 during trading on Thursday. Borregaard ASA has a 1-year low of $17.40 and a 1-year high of $17.40. The company’s fifty day moving average is $17.40 and its two-hundred day moving average 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.