Canfor Co. (OTCMKTS:CFPZF – Get Rating) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 319,800 shares, a drop of 14.0% from the August 15th total of 371,800 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is presently 118.4 days.
Canfor Trading Down 5.0 %
OTCMKTS:CFPZF opened at $17.12 on Monday. Canfor has a 1 year low of $16.39 and a 1 year high of $27.05. The firm has a 50 day moving average of $20.08 and a 200-day moving average of $19.81.
Analyst Upgrades and Downgrades
CFPZF has been the subject of a number of analyst reports. TD Securities cut their price target on shares of Canfor from C$35.00 to C$30.00 in a research note on Thursday, June 23rd. Scotiabank cut their target price on Canfor from C$45.00 to C$42.00 in a research report on Friday, June 17th.
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.
- Get a free copy of the StockNews.com research report on Canfor (CFPZF)
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