Canfor Co. (OTCMKTS:CFPZF) Short Interest Down 39.5% in October

Canfor Co. (OTCMKTS:CFPZF) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 995,100 shares, a decline of 39.5% from the September 30th total of 1,644,700 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is currently 31.6 days. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is currently 31.6 days.

Analyst Upgrades and Downgrades

Separately, TD Securities reissued a “buy” rating on shares of Canfor in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Canfor Price Performance

Shares of OTCMKTS:CFPZF opened at $8.74 on Monday. Canfor has a 12-month low of $8.37 and a 12-month high of $13.01. The business has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.67.

About Canfor

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.