Short Interest in Western Forest Products Inc. (OTCMKTS:WFSTF) Increases By 26.1%

Western Forest Products Inc. (OTCMKTS:WFSTF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,558,600 shares, an increase of 26.1% from the December 15th total of 1,235,800 shares. Based on an average daily volume of 35,300 shares, the days-to-cover ratio is presently 44.2 days.

Western Forest Products Stock Performance

OTCMKTS:WFSTF opened at $0.30 on Thursday. The firm’s 50-day moving average is $0.30 and its 200-day moving average is $0.33. Western Forest Products has a 52-week low of $0.26 and a 52-week high of $0.52.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.