Canfor Co. (OTCMKTS:CFPZF) Short Interest Up 39.9% in June

Canfor Co. (OTCMKTS:CFPZF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 177,000 shares, an increase of 39.9% from the May 31st total of 126,500 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is presently 18.6 days.

Canfor Price Performance

Shares of OTCMKTS:CFPZF traded up $0.12 during trading on Friday, hitting $10.83. The company’s stock had a trading volume of 7,372 shares, compared to its average volume of 17,794. The company has a 50-day moving average of $10.91 and a 200-day moving average of $11.88. Canfor has a 12 month low of $9.87 and a 12 month high of $18.07.

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.