Canfor Co. (OTCMKTS:CFPZF) Short Interest Update

Canfor Co. (OTCMKTS:CFPZFGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 699,100 shares, a growth of 91.5% from the March 15th total of 365,000 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 109.2 days.

A number of brokerages have issued reports on CFPZF. CIBC boosted their price target on Canfor from C$36.00 to C$44.00 in a research report on Monday, January 10th. Scotiabank upped their price objective on Canfor from C$40.00 to C$45.00 in a report on Wednesday, January 12th. TD Securities cut their price objective on Canfor from C$41.00 to C$37.00 in a report on Thursday, March 3rd. Finally, Royal Bank of Canada cut their target price on Canfor from C$48.00 to C$45.00 in a research report on Thursday, March 3rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.33.

CFPZF opened at $18.91 on Friday. The stock has a 50-day moving average of $21.79 and a 200-day moving average of $22.51. Canfor has a 52-week low of $17.69 and a 52-week high of $29.35.

About Canfor (Get Rating)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

Featured Stories

Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.