Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) Shares Shorted: Short Interest Up 1,916.4% in October

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,743 shares, a growth of 1,916.4% from the September 30th total of 384 shares. Based on an average daily trading volume, of 3,017 shares, the short-interest ratio is presently 2.6 days.

Lee & Man Paper Manufacturing Stock Up 4.9%

Shares of OTCMKTS:LMPMY traded up $0.20 during midday trading on Monday, hitting $4.25. The company had a trading volume of 10,769 shares, compared to its average volume of 1,875. Lee & Man Paper Manufacturing has a 12 month low of $3.21 and a 12 month high of $5.65. The firm has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $4.34.

Lee & Man Paper Manufacturing Company Profile

Lee & Man Paper Manufacturing Ltd. is a paper producer headquartered in Hong Kong and listed on the Hong Kong Stock Exchange. Founded in 1994, the company manufactures a range of paper and pulp products for industrial and consumer applications.

Its primary products include containerboard, such as kraft linerboard and corrugating medium, as well as coated duplex board, tissue paper and pulp. These materials are used in corrugated packaging, consumer-goods packaging, hygiene products and other paper-based applications.