Acadian Timber Corp. (OTCMKTS:ACAZF) Sees Significant Drop in Short Interest

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 9,700 shares, a decrease of 37.0% from the November 30th total of 15,400 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 2.9 days.

Acadian Timber Trading Down 0.2 %

OTCMKTS ACAZF opened at $12.40 on Friday. The firm’s 50 day moving average price is $12.73 and its 200-day moving average price is $12.78. Acadian Timber has a 52-week low of $11.66 and a 52-week high of $14.18.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.