Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Update

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 15,400 shares, a growth of 60.4% from the November 15th total of 9,600 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 2.4 days.

Acadian Timber Price Performance

ACAZF stock opened at $12.76 on Friday. Acadian Timber has a 12 month low of $11.66 and a 12 month high of $14.18. The firm’s 50-day moving average is $12.88 and its 200 day moving average is $12.81.

Acadian Timber Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.2118 per share. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Friday, September 27th. Acadian Timber’s dividend payout ratio (DPR) is presently 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.