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

Interfor Co. (OTCMKTS:IFSPF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 700,400 shares, a growth of 43.3% from the February 28th total of 488,600 shares. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is presently 13.3 days.

Interfor Stock Performance

Interfor stock traded down $0.53 during mid-day trading on Friday, hitting $10.32. 23,298 shares of the company’s stock were exchanged, compared to its average volume of 27,935. The company’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $12.84. Interfor has a fifty-two week low of $9.77 and a fifty-two week high of $16.08.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Interfor in a research note on Monday, February 3rd.

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.