Canfor Co. (OTCMKTS:CFPZF) Sees Large Decrease in Short Interest

Canfor Co. (OTCMKTS:CFPZF) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 301,300 shares, a drop of 9.6% from the October 31st total of 333,300 shares. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is currently 12.2 days.

Canfor Stock Performance

Shares of OTCMKTS CFPZF traded down $0.51 during mid-day trading on Tuesday, hitting $12.33. 27,102 shares of the stock were exchanged, compared to its average volume of 19,165. The stock’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $11.40. Canfor has a twelve month low of $9.86 and a twelve 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.