Canfor Co. (OTCMKTS:CFPZF) Short Interest Down 39.5% in October

Canfor Co. (OTCMKTS:CFPZF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 995,100 shares, a decline of 39.5% from the September 30th total of 1,644,700 shares. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is presently 31.6 days. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is presently 31.6 days.

Analyst Ratings Changes

Separately, TD Securities reaffirmed a “buy” rating on shares of Canfor in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Canfor presently has a consensus rating of “Buy”.

Canfor Stock Up 0.5%

CFPZF opened at $8.74 on Friday. Canfor has a 1-year low of $8.37 and a 1-year high of $13.01. The company has a fifty day moving average price of $9.21 and a two-hundred day moving average price of $9.67.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.