Canfor Co. (OTCMKTS:CFPZF) Sees Significant Increase in Short Interest

Canfor Co. (OTCMKTS:CFPZF) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 521,900 shares, an increase of 44.6% from the December 15th total of 361,000 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is presently 30.5 days.

Canfor Price Performance

Shares of CFPZF traded up $0.24 during mid-day trading on Wednesday, hitting $10.59. The stock had a trading volume of 8,789 shares, compared to its average volume of 19,384. Canfor has a fifty-two week low of $9.86 and a fifty-two week high of $13.59. The company’s fifty day simple moving average is $11.41 and its two-hundred day simple moving average is $11.37.

About Canfor

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.