What Will Happen to BORREGAARD ASA ORDINARY SHARES NORWAY (OTCMKTS:BRRDF) Next? The Stock Has Decline in Shorts

May 18, 2018 - By Vivian Park

The stock of BORREGAARD ASA ORDINARY SHARES NORWAY (OTCMKTS:BRRDF) registered a decrease of 9.15% in short interest. BRRDF’s total short interest was 58,600 shares in May as published by FINRA. Its down 9.15% from 64,500 shares, reported previously. With 600 shares average volume, it will take short sellers 98 days to cover their BRRDF’s short positions.

It closed at $9.0602 lastly. It is down 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Borregaard ASA develops, produces, and markets biomaterials, biochemicals, and biofuels in Norway, rest of Europe, Asia, America, and internationally. The company has market cap of $1.02 billion. It operates through three divisions: Performance Chemicals, Specialty Cellulose, and Other Businesses. It has a 12.53 P/E ratio. The Performance Chemicals segment provides lignin binding and dispersing agents for use in a range of end market applications, such as construction, industrial binders, agrochemicals, and batteries, as well as trades in chemicals related to lignin products.

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