Canfor Co. (OTCMKTS:CFPZF) Short Interest Up 40.0% in October

Canfor Co. (OTCMKTS:CFPZF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 333,300 shares, an increase of 40.0% from the October 15th total of 238,000 shares. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is currently 11.3 days.

Canfor Price Performance

CFPZF stock remained flat at $12.22 during mid-day trading on Friday. The company’s stock had a trading volume of 22,774 shares, compared to its average volume of 19,071. The stock’s 50 day moving average is $12.07 and its 200 day moving average is $11.26. Canfor has a 12-month low of $9.86 and a 12-month high of $14.33.

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.