GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Short Interest Update

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 28,027 shares, an increase of 48.3% from the February 12th total of 18,904 shares. Based on an average trading volume of 10,757 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 10,757 shares, the days-to-cover ratio is currently 2.6 days.

GreenFirst Forest Products Stock Performance

Shares of OTCMKTS:ICLTF opened at C$1.67 on Monday. The company’s fifty day moving average is C$1.74 and its 200-day moving average is C$1.65. GreenFirst Forest Products has a 52 week low of C$1.15 and a 52 week high of C$3.20.

GreenFirst Forest Products Company Profile

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.