Acadian Timber Corp. (OTCMKTS:ACAZF) Sees Significant Growth in Short Interest

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 8,900 shares, an increase of 14.1% from the September 30th total of 7,800 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 1.9 days.

Acadian Timber Stock Performance

Shares of OTCMKTS:ACAZF opened at $13.25 on Tuesday. The business has a fifty day moving average of $13.00 and a two-hundred day moving average of $12.83. Acadian Timber has a 52-week low of $11.13 and a 52-week high of $14.18.

Acadian Timber Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.2118 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 27th. Acadian Timber’s payout ratio is 168.37%.

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.