Canfor Co. (OTCMKTS:CFPZF) Sees Large Decline in Short Interest

Canfor Co. (OTCMKTS:CFPZF) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 213,000 shares, a decrease of 58.9% from the September 15th total of 518,600 shares. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is currently 5.9 days.

Canfor Price Performance

Canfor stock traded up $0.15 during mid-day trading on Friday, reaching $12.57. 9,690 shares of the company’s stock were exchanged, compared to its average volume of 18,156. The company has a fifty day moving average of $11.37 and a 200-day moving average of $11.14. Canfor has a twelve month low of $9.86 and a twelve month high of $14.33.

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.