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

Canfor Co. (OTCMKTS:CFPZF) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 301,300 shares, a drop of 9.6% from the October 31st total of 333,300 shares. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is currently 12.2 days.

Canfor Stock Down 4.0 %

Shares of OTCMKTS CFPZF traded down $0.51 during mid-day trading on Tuesday, hitting $12.33. The company had a trading volume of 27,102 shares, compared to its average volume of 19,165. The business’s 50-day simple moving average is $12.39 and its 200-day simple moving average is $11.40. Canfor has a 12 month low of $9.86 and a 12 month high of $14.33.

About Canfor

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.