Keweenaw Land Association, Limited (OTCMKTS:KEWL) Stock Short Interest Drops 89.4%

Keweenaw Land Association, Limited (OTCMKTS:KEWL) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 59 shares, a decline of 89.4% from the August 31st total of 554 shares. Based on an average daily trading volume, of 237 shares, the days-to-cover ratio is presently 0.2 days.

Keweenaw Land Association Trading Up 0.4%

Shares of Keweenaw Land Association stock traded up $0.34 during midday trading on Friday, hitting $81.00. The company had a trading volume of 129 shares, compared to its average volume of 412. The business’s 50 day simple moving average is $71.74 and its two-hundred day simple moving average is $59.44. Keweenaw Land Association has a 1-year low of $28.00 and a 1-year high of $84.13.

Keweenaw Land Association Company Profile

Keweenaw Land Association, Ltd. is a timberland and natural-resources company focused primarily on owning and managing forestland in Michigan’s Upper Peninsula. The company’s activities include sustainable forest management, timber harvesting, and the sale of hardwood and softwood sawtimber and pulpwood to regional forest-products markets.

In addition to its timber operations, Keweenaw Land Association has historically generated revenue from related land uses, including mineral rights, leases, and recreational access arrangements.