Kingboard Laminates Holdings Limited (OTCMKTS:KGBLY) Sees Significant Increase in Short Interest

Kingboard Laminates Holdings Limited (OTCMKTS:KGBLY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 53 shares, a growth of 152.4% from the July 15th total of 21 shares. Based on an average daily volume of 383 shares, the days-to-cover ratio is currently 0.1 days.

Kingboard Laminates Price Performance

Shares of KGBLY remained flat at C$102.94 during mid-day trading on Friday. Kingboard Laminates has a one year low of C$102.94 and a one year high of C$214.10. The business’s fifty day moving average is C$178.56 and its 200-day moving average is C$90.36.

Kingboard Laminates Company Profile

Kingboard Laminates Holdings Limited, an investment holding company, manufactures and sells laminates in the People's Republic of China, other Asian countries, Europe, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy and paper laminates. It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, and PVB. In addition, the company sells and rents properties; trades in copper; and provides hotel accommodation services.