Short Interest in Canfor Co. (OTCMKTS:CFPZF) Declines By 15.5%

Canfor Co. (OTCMKTS:CFPZFGet Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 617,700 shares, a decline of 15.5% from the May 15th total of 731,300 shares. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is presently 121.1 days.

Canfor stock opened at $17.08 on Friday. Canfor has a 1-year low of $17.08 and a 1-year high of $27.05. The stock’s 50 day moving average price is $19.40 and its 200 day moving average price is $21.69.

Several research firms have commented on CFPZF. Royal Bank of Canada cut their price target on Canfor from C$48.00 to C$45.00 in a research report on Thursday, March 3rd. TD Securities dropped their target price on Canfor from C$41.00 to C$37.00 in a report on Thursday, March 3rd.

About Canfor (Get Rating)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

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