Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Up 18.2% in September

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 7,800 shares, a growth of 18.2% from the September 15th total of 6,600 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is presently 1.3 days.

Acadian Timber Stock Up 0.1 %

Shares of ACAZF stock opened at $12.99 on Monday. The stock’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $12.80. Acadian Timber has a one year low of $11.13 and a one year high of $14.18.

Acadian Timber Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.2118 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 6.5%. 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.