Borregaard ASA (OTCMKTS:BRRDF) Sees Significant Growth in Short Interest

Borregaard ASA (OTCMKTS:BRRDF) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 41,000 shares, a growth of 25.0% from the March 31st total of 32,800 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 102.5 days.

Borregaard ASA Price Performance

BRRDF stock remained flat at $17.40 during midday trading on Monday. The company has a 50 day simple moving average of $16.27 and a two-hundred day simple moving average of $15.74. Borregaard ASA has a fifty-two week low of $17.40 and a fifty-two week 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.