Stella-Jones Inc. (OTCMKTS:STLJF) Short Interest Down 45.6% in April

Stella-Jones Inc. (OTCMKTS:STLJF – Get Rating) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 103,000 shares, a decline of 45.6% from the April 15th total of 189,400 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 147.1 days.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Stella-Jones from C$43.00 to C$40.00 in a research note on Thursday. Desjardins lifted their price objective on shares of Stella-Jones from C$52.00 to C$58.00 in a research note on Friday, March 11th. Finally, TD Securities lowered their price objective on shares of Stella-Jones from C$56.00 to C$50.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $52.00.

OTCMKTS STLJF opened at $26.63 on Friday. The company has a fifty day moving average of $29.63 and a 200 day moving average of $31.50. Stella-Jones has a 1 year low of $26.36 and a 1 year high of $40.62.

Stella-Jones Company Profile (Get Rating)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

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