Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) Short Interest Update

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 438,653 shares, a drop of 15.7% from the December 31st total of 520,647 shares. Based on an average trading volume of 10,557 shares, the days-to-cover ratio is currently 41.6 days. Based on an average trading volume of 10,557 shares, the days-to-cover ratio is currently 41.6 days.

Doman Building Materials Group Trading Up 0.6%

Shares of CWXZF stock opened at $7.10 on Tuesday. Doman Building Materials Group has a 12-month low of $4.50 and a 12-month high of $7.50. The business’s 50 day moving average is $6.95 and its two-hundred day moving average is $6.72.

Analysts Set New Price Targets

Separately, Desjardins began coverage on shares of Doman Building Materials Group in a research note on Wednesday, October 29th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Doman Building Materials Group

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.