Acadian Timber Corp. (OTCMKTS:ACAZF) Sees Large Increase in Short Interest

Acadian Timber Corp. (OTCMKTS:ACAZF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 11,900 shares, an increase of 22.7% from the December 15th total of 9,700 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 3.3 days.

Acadian Timber Price Performance

Acadian Timber stock opened at $11.97 on Friday. Acadian Timber has a one year low of $11.66 and a one year high of $14.18. The stock’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.74.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.