Canfor Co. (OTCMKTS:CFPZF) Sees Large Decrease in Short Interest

Canfor Co. (OTCMKTS:CFPZF) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 578,100 shares, a drop of 5.8% from the January 15th total of 613,400 shares. Based on an average daily trading volume, of 72,800 shares, the days-to-cover ratio is currently 7.9 days.

Canfor Trading Up 1.5 %

Shares of CFPZF stock opened at $10.84 on Wednesday. The business’s 50 day moving average price is $10.59 and its 200-day moving average price is $11.37. Canfor has a fifty-two week low of $9.76 and a fifty-two week high of $13.01.

Canfor Company Profile

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.