GreenFirst Forest Products Inc. (OTCMKTS:ICLTF – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 9,107 shares, a drop of 73.3% from the April 15th total of 34,107 shares. Based on an average daily trading volume, of 6,520 shares, the short-interest ratio is currently 1.4 days.
GreenFirst Forest Products Price Performance
ICLTF stock remained flat at C$1.60 during mid-day trading on Thursday. The firm’s fifty day simple moving average is C$1.62 and its 200 day simple moving average is C$1.56. GreenFirst Forest Products has a 52 week low of C$1.15 and a 52 week high of C$2.93.
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.
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