Short Interest in GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Drops By 68.2%

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 7,004 shares, a decline of 68.2% from the November 30th total of 22,051 shares. Based on an average daily volume of 12,114 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 12,114 shares, the short-interest ratio is presently 0.6 days.

GreenFirst Forest Products Trading Down 2.4%

Shares of OTCMKTS:ICLTF opened at C$1.22 on Thursday. The business’s fifty day moving average price is C$1.42 and its two-hundred day moving average price is C$1.95. GreenFirst Forest Products has a one year low of C$1.15 and a one year high of C$4.00.

About GreenFirst Forest Products

GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.