Interfor Co. (OTCMKTS:IFSPF) Sees Large Decrease in Short Interest

Interfor Co. (OTCMKTS:IFSPF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 455,500 shares, a drop of 6.5% from the September 30th total of 487,100 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is presently 16.7 days.

Interfor Price Performance

IFSPF opened at $13.88 on Friday. Interfor has a 12-month low of $9.77 and a 12-month high of $19.45. The stock’s 50-day moving average price is $13.92 and its 200 day moving average price is $13.09.

Wall Street Analyst Weigh In

Separately, TD Securities cut Interfor from a “buy” rating to a “hold” rating in a report on Friday, October 18th.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.