Short Interest in Interfor Co. (OTCMKTS:IFSPF) Declines By 6.5%

Interfor Co. (OTCMKTS:IFSPF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 455,500 shares, a decrease of 6.5% from the September 30th total of 487,100 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is currently 16.7 days.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded Interfor from a “buy” rating to a “hold” rating in a report on Friday, October 18th.

Interfor Stock Performance

OTCMKTS:IFSPF opened at $14.03 on Thursday. Interfor has a twelve month low of $9.77 and a twelve month high of $19.45. The firm’s fifty day simple moving average is $13.88 and its 200 day simple moving average is $13.08.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.