Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Declines By 39.7%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 7,300 shares, a decline of 39.7% from the August 15th total of 12,100 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 1.0 days.

Acadian Timber Price Performance

Shares of OTCMKTS:ACAZF opened at $12.88 on Friday. The company’s fifty day moving average is $12.79 and its two-hundred day moving average is $12.74. Acadian Timber has a 12-month low of $11.13 and a 12-month high of $14.18.

Acadian Timber Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.2118 per share. This represents a yield of 6.83%. The ex-dividend date of this dividend was Friday, June 28th. Acadian Timber’s payout ratio is 168.37%.

About Acadian Timber

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.