Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Declines By 23.3%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 12,500 shares, a drop of 23.3% from the March 15th total of 16,300 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 4.5 days.

Acadian Timber Stock Up 1.2 %

ACAZF stock opened at $12.25 on Monday. Acadian Timber has a fifty-two week low of $11.05 and a fifty-two week high of $14.18. The business has a 50-day moving average of $12.12 and a 200-day moving average of $12.41.

Acadian Timber Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.2029 dividend. This represents a dividend yield of 6.67%. The ex-dividend date was Monday, March 31st. Acadian Timber’s dividend payout ratio is presently 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.