Stella-Jones Inc. (OTCMKTS:STLJF) Short Interest Down 64.8% in May

Stella-Jones Inc. (OTCMKTS:STLJF – Get Rating) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 41,400 shares, a drop of 64.8% from the April 30th total of 117,500 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 103.5 days.

Stella-Jones Stock Performance

Shares of STLJF remained flat at $43.87 during mid-day trading on Friday. 1 shares of the company traded hands, compared to its average volume of 780. Stella-Jones has a twelve month low of $23.63 and a twelve month high of $46.27. The business has a fifty day moving average of $40.14 and a 200-day moving average of $37.39.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Securities lifted their price target on shares of Stella-Jones from C$58.00 to C$65.00 in a report on Thursday, March 9th. Scotiabank boosted their price target on Stella-Jones to C$64.00 in a report on Thursday, May 11th. Finally, Royal Bank of Canada increased their price target on Stella-Jones from C$67.00 to C$69.00 in a research note on Friday.

Stella-Jones Company Profile

(Get Rating)

Stella-Jones, Inc engages in the production and marketing of pressure treated wood products. It operates through the Pressure-Treated Wood and Logs and Lumber. The Pressure-Treated Wood segment includes railway ties, utility poles, residential lumber, and industrial products. The Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that are determined to be unsuitable for use as utility poles.