Acadian Timber Corp. (OTCMKTS:ACAZF – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 13,700 shares, an increase of 31.7% from the July 15th total of 10,400 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 3.7 days.
Acadian Timber Stock Performance
OTCMKTS:ACAZF opened at $12.71 on Friday. Acadian Timber has a 12-month low of $11.13 and a 12-month high of $14.18. The stock’s 50 day moving average price is $12.65 and its two-hundred day moving average price is $12.65.
Acadian Timber Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a $0.2118 dividend. This represents a yield of 6.83%. The ex-dividend date of this dividend was Friday, June 28th. Acadian Timber’s dividend payout ratio (DPR) is presently 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.
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