Canfor Pulp Products Inc. (OTCMKTS:CFPUF) Sees Significant Decrease in Short Interest

Canfor Pulp Products Inc. (OTCMKTS:CFPUF) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 12,370 shares, a decrease of 79.6% from the February 26th total of 60,570 shares. Based on an average daily trading volume, of 645 shares, the short-interest ratio is currently 19.2 days.

Canfor Pulp Products Price Performance

OTCMKTS:CFPUF remained flat at $0.38 during trading hours on Friday. Canfor Pulp Products has a 1-year low of $0.22 and a 1-year high of $0.55. The stock’s fifty day simple moving average is $0.43 and its 200 day simple moving average is $0.36.

Analysts Set New Price Targets

Separately, Raymond James Financial cut shares of Canfor Pulp Products from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Canfor Pulp Products currently has an average rating of “Hold”.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc is a Canada-based pulp manufacturing company and a wholly owned subsidiary of Canfor Corporation. Headquartered in Vancouver, British Columbia, the company specializes in the production of bleached softwood kraft pulp. Established in 2005 and publicly listed in 2006, Canfor Pulp Products has built a reputation for delivering high-strength, premium-quality pulp to paper, tissue and specialty product manufacturers around the world.

Operating four kraft pulp mills in British Columbia and Alberta, Canfor Pulp Products leverages integrated production facilities and in‐house research and development to optimize fiber properties and resource utilization.