Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Rises By 12.9%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 9,600 shares, an increase of 12.9% from the October 31st total of 8,500 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 1.4 days.

Acadian Timber Price Performance

ACAZF remained flat at $12.54 during trading on Friday. The company’s stock had a trading volume of 23 shares, compared to its average volume of 3,722. The stock has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $12.82. Acadian Timber has a 12-month low of $11.66 and a 12-month high of $14.18.

Acadian Timber Cuts Dividend

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

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.