Borregaard ASA (OTCMKTS:BRRDF – Get Free Report) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 98,628 shares, a drop of 75.1% from the October 15th total of 395,990 shares. Based on an average daily trading volume, of 1,039 shares, the days-to-cover ratio is presently 94.9 days.
Borregaard ASA Stock Performance
Shares of OTCMKTS BRRDF opened at $15.10 on Thursday. The company has a 50 day simple moving average of $14.75 and a two-hundred day simple moving average of $16.62. Borregaard ASA has a 12 month low of $15.10 and a 12 month high of $15.58.
Borregaard ASA Company Profile
Borregaard ASA is a Norway-based biorefinery company headquartered in Sarpsborg. The company uses wood and other renewable biomass to develop and manufacture biobased products that can replace petroleum-derived materials in industrial and consumer applications. Its business includes biopolymers, specialty cellulose, lignin-based products, bioethanol and fine chemicals. These products are used in areas such as construction materials, agriculture, animal feed, food ingredients, pharmaceuticals, cosmetics, packaging and other industrial processes.
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