Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Drops By 23.9%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,300 shares, a decline of 23.9% from the February 13th total of 18,800 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 1.9 days.

Acadian Timber Price Performance

Shares of OTCMKTS ACAZF opened at $12.17 on Tuesday. The business’s 50-day simple moving average is $12.11 and its 200-day simple moving average is $12.55. Acadian Timber has a 52 week low of $11.62 and a 52 week high of $14.18.

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.