Short Interest in Canfor Co. (OTCMKTS:CFPZF) Increases By 40.0%

Canfor Co. (OTCMKTS:CFPZF) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 333,300 shares, an increase of 40.0% from the October 15th total of 238,000 shares. Based on an average daily trading volume, of 29,600 shares, the days-to-cover ratio is currently 11.3 days.

Canfor Price Performance

Shares of Canfor stock traded down $0.25 during trading hours on Friday, hitting $11.97. The company’s stock had a trading volume of 18,175 shares, compared to its average volume of 19,066. Canfor has a 12-month low of $9.86 and a 12-month high of $14.33. The business has a 50 day moving average price of $12.13 and a two-hundred day moving average price of $11.28.

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.