Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Increases By 18.2%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 7,800 shares, a growth of 18.2% from the September 15th total of 6,600 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 1.3 days.

Acadian Timber Price Performance

Shares of OTCMKTS:ACAZF opened at $12.85 on Tuesday. Acadian Timber has a 12-month low of $11.13 and a 12-month high of $14.18. The stock’s 50-day moving average price is $12.91 and its two-hundred day moving average price is $12.80.

Acadian Timber Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.2118 per share. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 6.5%. Acadian Timber’s dividend payout ratio is presently 168.37%.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.