Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) Short Interest Update

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 691,117 shares, a drop of 16.6% from the November 30th total of 828,950 shares. Based on an average daily trading volume, of 7,592 shares, the short-interest ratio is presently 91.0 days. Based on an average daily trading volume, of 7,592 shares, the short-interest ratio is presently 91.0 days.

Wall Street Analyst Weigh In

Separately, Desjardins initiated coverage on Doman Building Materials Group in a research note on Wednesday, October 29th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock opened at $7.00 on Friday. Doman Building Materials Group has a 52 week low of $4.50 and a 52 week high of $7.25. The firm’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $6.59.

Doman Building Materials Group Company Profile

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.