Western Forest Products Inc. (OTCMKTS:WFSTF) Sees Significant Increase in Short Interest

Western Forest Products Inc. (OTCMKTS:WFSTF) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 915,100 shares, a growth of 23.2% from the June 15th total of 742,500 shares. Based on an average daily volume of 94,500 shares, the days-to-cover ratio is currently 9.7 days.

Western Forest Products Price Performance

OTCMKTS WFSTF opened at $0.33 on Friday. The company’s 50 day moving average is $0.36 and its 200-day moving average is $0.43. Western Forest Products has a 12-month low of $0.31 and a 12-month high of $0.82.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.