Western Forest Products Inc. (OTCMKTS:WFSTF) Sees Large Increase in Short Interest

Western Forest Products Inc. (OTCMKTS:WFSTF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,767,000 shares, an increase of 147.6% from the February 29th total of 713,700 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 72.4 days.

Western Forest Products Stock Performance

Shares of WFSTF opened at $0.46 on Friday. Western Forest Products has a 1 year low of $0.42 and a 1 year high of $0.86. The stock’s fifty day moving average price is $0.48 and its two-hundred day moving average price is $0.52.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.