Conifex Timber Inc. (OTCMKTS:CFXTF – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,455 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 4,545 shares, the days-to-cover ratio is currently 3.0 days.
Conifex Timber Stock Performance
Conifex Timber stock opened at $0.06 on Wednesday. Conifex Timber has a 12 month low of $0.04 and a 12 month high of $0.20. The business has a 50 day simple moving average of $0.09 and a 200-day simple moving average of $0.09.
About Conifex Timber
Conifex Timber Inc is a Canada-based integrated wood products company that specializes in the production and distribution of softwood lumber and wood chips. The company is headquartered in Vancouver, British Columbia, and operates two manufacturing facilities in Northern British Columbia near Prince George and Mackenzie. Conifex Timber’s operations encompass sawmilling, planing, kiln drying and chipping, enabling the company to deliver finished lumber products and industrial wood chips to a broad customer base.
The company’s primary products include dimension lumber used in residential and commercial construction, as well as wood chips sold to pulp, paper and dissolving pulp producers.
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