Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Up 61.5% in June

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 12,600 shares, an increase of 61.5% from the June 15th total of 7,800 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 1.4 days.

Acadian Timber Stock Performance

Shares of OTCMKTS ACAZF opened at $12.55 on Friday. Acadian Timber has a 1 year low of $11.13 and a 1 year high of $13.81. The firm’s 50 day moving average price is $12.74 and its 200 day moving average price is $12.65.

Acadian Timber Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.2118 per share. The ex-dividend date is Friday, June 28th. This represents a yield of 6.83%. Acadian Timber’s dividend payout ratio (DPR) is currently 168.37%.

Acadian Timber Company Profile

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.