Acadian Timber Corp. (OTCMKTS:ACAZF) Sees Large Increase in Short Interest

Acadian Timber Corp. (OTCMKTS:ACAZF) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 15,400 shares, a growth of 60.4% from the November 15th total of 9,600 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 2.4 days.

Acadian Timber Stock Performance

Shares of ACAZF stock opened at $12.70 on Friday. The stock’s fifty day moving average price is $12.86 and its 200 day moving average price is $12.81. Acadian Timber has a 1-year low of $11.66 and a 1-year high of $14.18.

Acadian Timber Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.2118 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 6.5%. Acadian Timber’s payout ratio is 168.37%.

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.