Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Down 23.9% in February

Acadian Timber Corp. (OTCMKTS:ACAZF) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 14,300 shares, a decrease of 23.9% from the February 13th total of 18,800 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 1.9 days.

Acadian Timber Price Performance

OTCMKTS ACAZF opened at $12.17 on Wednesday. The company has a 50 day simple moving average of $12.11 and a 200-day simple moving average of $12.54. Acadian Timber has a 52-week low of $11.62 and a 52-week high of $14.18.

Acadian Timber Company Profile

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.