Market Overview

Positive News For Orient Paper Inc (ONP)

There is extremely positive news out today on Orient Paper Inc (NYSE: ONP) as Muddy Waters Research has covered its short position in the company and admitted no wrong doing.

This should be seen as a huge positive for Orient Paper. There is unverified chatter that because the initial internal investigation has shown no red flags, Muddy Waters Research has covered their short position.

Orient Paper has float of 10 million shares, with 10% of that being short. This could cause a short squeeze in shares of Orient Paper.

Shares of Orient Paper are up 9 cents this morning to $4.95.

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