Conifex Timber Inc. (OTCMKTS:CFXTF) Sees Significant Growth in Short Interest

Conifex Timber Inc. (OTCMKTS:CFXTFGet Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 13,455 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 4,545 shares, the short-interest ratio is currently 3.0 days.

Conifex Timber Stock Performance

Conifex Timber stock opened at $0.06 on Thursday. The company’s 50-day moving average price is $0.09 and its 200-day moving average price is $0.09. Conifex Timber has a twelve month low of $0.04 and a twelve month high of $0.20.

About Conifex Timber

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Conifex Timber Inc is a Canada-based integrated wood products company that specializes in the production and distribution of softwood lumber and wood chips. The company is headquartered in Vancouver, British Columbia, and operates two manufacturing facilities in Northern British Columbia near Prince George and Mackenzie. Conifex Timber’s operations encompass sawmilling, planing, kiln drying and chipping, enabling the company to deliver finished lumber products and industrial wood chips to a broad customer base.

The company’s primary products include dimension lumber used in residential and commercial construction, as well as wood chips sold to pulp, paper and dissolving pulp producers.

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