Canfor Pulp Products Inc. (OTCMKTS:CFPUF) Short Interest Down 79.6% in March

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

Wall Street Analysts Forecast Growth

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

Canfor Pulp Products Price Performance

Shares of CFPUF stock remained flat at $0.38 on Thursday. The company has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.36. Canfor Pulp Products has a 12-month low of $0.22 and a 12-month high of $0.55.

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.