Short Interest in Interfor Co. (OTCMKTS:IFSPF) Decreases By 22.9%

Interfor Co. (OTCMKTS:IFSPF) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 540,000 shares, a drop of 22.9% from the March 15th total of 700,400 shares. Based on an average daily volume of 67,000 shares, the short-interest ratio is currently 8.1 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank restated an “outperform” rating on shares of Interfor in a research report on Monday, February 3rd.

Interfor Trading Down 2.6 %

Shares of IFSPF traded down $0.26 during mid-day trading on Monday, reaching $9.88. 23,944 shares of the company’s stock were exchanged, compared to its average volume of 26,125. Interfor has a 52-week low of $9.52 and a 52-week high of $16.08. The company has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $12.33.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.