Canfor Co. (OTCMKTS:CFPZF) Sees Significant Growth in Short Interest

Canfor Co. (OTCMKTS:CFPZF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 976,600 shares, a growth of 21.1% from the February 28th total of 806,200 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is currently 53.1 days.

Canfor Stock Up 0.6 %

CFPZF stock traded up $0.06 on Wednesday, hitting $10.61. 17,862 shares of the company’s stock traded hands, compared to its average volume of 28,225. The stock has a fifty day moving average of $10.56 and a 200-day moving average of $11.34. Canfor has a 1-year low of $9.76 and a 1-year high of $13.01.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.