Western Forest Products Inc. (OTCMKTS:WFSTF) Sees Significant Growth in Short Interest

Western Forest Products Inc. (OTCMKTS:WFSTFGet Rating) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 515,300 shares, an increase of 26.1% from the May 15th total of 408,800 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 71.6 days.

Separately, Raymond James raised shares of Western Forest Products from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 17th.

Shares of OTCMKTS WFSTF opened at $1.19 on Friday. Western Forest Products has a 52-week low of $1.19 and a 52-week high of $1.94. The firm has a 50 day moving average price of $1.50 and a two-hundred day moving average price of $1.58.

The firm also recently declared a dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, May 27th will be given a $0.0098 dividend. This is a boost from Western Forest Products’s previous dividend of $0.01. This represents a yield of 2.79%. The ex-dividend date of this dividend is Thursday, May 26th.

Western Forest Products Company Profile (Get Rating)

Western Forest Products Inc engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.