GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Sees Large Drop in Short Interest

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 42,800 shares, a decline of 6.8% from the May 31st total of 45,900 shares. Based on an average daily volume of 158,700 shares, the days-to-cover ratio is presently 0.3 days.

GreenFirst Forest Products Trading Up 7.5 %

Shares of ICLTF opened at C$0.28 on Thursday. The stock has a 50 day simple moving average of C$0.38 and a 200 day simple moving average of C$0.52. GreenFirst Forest Products has a 52-week low of C$0.21 and a 52-week high of C$0.91.

About GreenFirst Forest Products

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.