GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Short Interest Down 73.3% in April

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 9,107 shares, a decline of 73.3% from the April 15th total of 34,107 shares. Based on an average trading volume of 6,520 shares, the short-interest ratio is currently 1.4 days.

GreenFirst Forest Products Price Performance

Shares of ICLTF stock remained flat at C$1.60 during mid-day trading on Wednesday. The stock had a trading volume of 340 shares, compared to its average volume of 6,068. GreenFirst Forest Products has a 1-year low of C$1.15 and a 1-year high of C$2.93. The company has a fifty day simple moving average of C$1.63 and a 200-day simple moving average of C$1.56.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.