Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Grows By 12.9%

Acadian Timber Corp. (OTCMKTS:ACAZF) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 9,600 shares, a growth of 12.9% from the October 31st total of 8,500 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 1.4 days.

Acadian Timber Stock Up 0.3 %

OTCMKTS ACAZF opened at $12.54 on Monday. Acadian Timber has a 1-year low of $11.66 and a 1-year high of $14.18. The stock’s 50 day moving average is $12.92 and its two-hundred day moving average is $12.82.

Acadian Timber Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.2118 per share. This represents a dividend yield of 6.5%. The ex-dividend date was Friday, September 27th. Acadian Timber’s payout ratio is 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.