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

Canfor Pulp Products Inc. (OTCMKTS:CFPUF) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 60,570 shares, a drop of 55.1% from the February 12th total of 135,026 shares. Based on an average daily volume of 2,889 shares, the short-interest ratio is presently 21.0 days. Based on an average daily volume of 2,889 shares, the short-interest ratio is presently 21.0 days.

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Canfor Pulp Products Price Performance

OTCMKTS:CFPUF opened at $0.39 on Friday. Canfor Pulp Products has a twelve month low of $0.22 and a twelve month high of $0.55. The stock’s 50 day moving average price is $0.43 and its two-hundred day moving average price is $0.36.

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.