Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Expands By 14.1%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 8,900 shares, a growth of 14.1% from the September 30th total of 7,800 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is currently 1.9 days.

Acadian Timber Trading Down 0.9 %

Shares of OTCMKTS ACAZF opened at $13.14 on Wednesday. The stock has a 50 day moving average price of $13.00 and a 200 day moving average price of $12.83. Acadian Timber has a 52-week low of $11.13 and a 52-week high of $14.18.

Acadian Timber Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.2118 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 27th. Acadian Timber’s payout ratio is 168.37%.

About Acadian Timber

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.