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

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,600 shares, a growth of 12.9% from the October 31st total of 8,500 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is currently 1.4 days.

Acadian Timber Price Performance

OTCMKTS:ACAZF opened at $12.62 on Tuesday. The business’s 50-day simple moving average is $12.92 and its two-hundred day simple moving average is $12.82. Acadian Timber has a 52 week low of $11.66 and a 52 week high of $14.18.

Acadian Timber Cuts Dividend

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

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.