What Next for IT Tech Packaging Inc (NYSEAMERICAN:ITP) Stock After Increase in Shorted Shares?

The stock of IT Tech Packaging Inc (NYSEAMERICAN:ITP) registered an increase of 4255.56% in short interest. ITP’s total short interest was 39,200 shares in October as published by FINRA. Its up 4255.56% from 900 shares, reported previously. With 20,200 shares average volume, it will take short sellers 2 days to cover their ITP’s short positions. The short interest to IT Tech Packaging Inc’s float is 0.24%.

The stock decreased 0.05% or $0.0003 during the last trading session, reaching $0.65. About 3,027 shares traded. IT Tech Packaging, Inc. (NYSEAMERICAN:ITP) has declined 28.54% since October 12, 2018 and is downtrending. It has underperformed by 28.54% the S&P500.

IT Tech Packaging, Inc. produces and distributes paper products primarily in the People's Republic of China. The company has market cap of $14.34 million. The firm offers corrugating medium papers and offset printing papers. It currently has negative earnings. It also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Orient Paper brand name.

Another recent and important IT Tech Packaging, Inc. (NYSEAMERICAN:ITP) news was published by Stockhouse.com which published an article titled: “IT Tech Packaging, Inc. to Hold Annual Meeting of Stockholders on October 31, 2019 – Stockhouse” on September 10, 2019.

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