Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Update

Acadian Timber Corp. (OTCMKTS:ACAZF) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 15,400 shares, an increase of 60.4% from the November 15th total of 9,600 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is presently 2.4 days.

Acadian Timber Price Performance

ACAZF opened at $12.76 on Thursday. The company has a 50-day moving average of $12.88 and a 200-day moving average of $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 company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors 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 dividend payout ratio is currently 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.