Stella-Jones Inc. (OTCMKTS:STLJF) Short Interest Update

Stella-Jones Inc. (OTCMKTS:STLJF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 52,600 shares, a decrease of 64.0% from the December 15th total of 146,300 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 7.0 days.

Shares of STLJF stock traded down $0.51 during trading hours on Friday, hitting $32.40. 14,586 shares of the company were exchanged, compared to its average volume of 3,941. The company has a 50 day simple moving average of $32.26 and a two-hundred day simple moving average of $33.82. Stella-Jones has a fifty-two week low of $29.90 and a fifty-two week high of $44.01.

A number of equities research analysts have issued reports on STLJF shares. National Bankshares increased their price objective on shares of Stella-Jones from C$52.00 to C$57.00 in a research note on Wednesday, January 5th. Scotiabank raised their price target on shares of Stella-Jones from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. TD Securities upgraded shares of Stella-Jones to a “buy” rating in a report on Monday, October 18th. Desjardins lowered their price target on shares of Stella-Jones from C$59.00 to C$52.00 and set a “buy” rating for the company in a report on Thursday, November 11th. Finally, CIBC lowered their price target on shares of Stella-Jones from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Thursday, November 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.17.

Stella-Jones Company Profile

Stella-Jones, Inc engages in the production and marketing of pressure treated wood products. It operates through the following business segments: Pressure-Treated Wood and Logs & Lumber. The Pressure-Treated Wood segment includes railway ties, utility poles, residential lumber, and industrial products.

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