Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Drops By 9.6%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 6,600 shares, a drop of 9.6% from the August 31st total of 7,300 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 1.3 days.

Acadian Timber Price Performance

ACAZF stock opened at $12.89 on Tuesday. The stock’s fifty day simple moving average is $12.89 and its two-hundred day simple moving average is $12.77. Acadian Timber has a 1-year low of $11.13 and a 1-year high of $14.18.

Acadian Timber Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.2118 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 6.5%. Acadian Timber’s dividend payout ratio (DPR) is presently 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.