Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Down 23.9% in February

Acadian Timber Corp. (OTCMKTS:ACAZF) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 14,300 shares, a drop of 23.9% from the February 13th total of 18,800 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 1.9 days.

Acadian Timber Stock Performance

Shares of OTCMKTS ACAZF opened at $12.10 on Monday. Acadian Timber has a 52 week low of $11.62 and a 52 week high of $14.18. The stock’s fifty day moving average is $12.11 and its 200 day moving average is $12.55.

About Acadian Timber

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.