Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Positive News For Orient Paper Inc (ONP) is this news real?

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.