Resolute Forest Products Inc. (NYSE:RFP – Get Rating) (TSE:RFP) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 1,550,000 shares, a decrease of 33.2% from the November 30th total of 2,320,000 shares. Approximately 3.4% of the company's stock are sold short. Based on an average daily volume of 507,200 shares, the short-interest ratio is currently 3.1 days.

Insider Buying and Selling

In other Resolute Forest Products news, insider Hugues Simon sold 4,853 shares of the company's stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $21.17, for a total value of $102,738.01. Following the completion of the transaction, the insider now owns 60,764 shares of the company's stock, valued at approximately $1,286,373.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Patrice Minguez sold 47,594 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $21.02, for a total transaction of $1,000,425.88. Following the completion of the sale, the insider now owns 123,114 shares of the company's stock, valued at $2,587,856.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hugues Simon sold 4,853 shares of the company's stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $21.17, for a total value of $102,738.01. Following the sale, the insider now owns 60,764 shares in the company, valued at approximately $1,286,373.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,377 shares of company stock worth $1,334,443. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RFP. Founders Capital Management grew its stake in Resolute Forest Products by 40.0% during the second quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock valued at $45,000 after acquiring an additional 1,000 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Resolute Forest Products by 64.7% during the first quarter. Great West Life Assurance Co. Can now owns 3,749 shares of the basic materials company's stock worth $51,000 after purchasing an additional 1,473 shares during the last quarter. Captrust Financial Advisors lifted its stake in Resolute Forest Products by 146.3% during the first quarter. Captrust Financial Advisors now owns 3,005 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,785 shares during the last quarter. National Bank of Canada FI lifted its stake in Resolute Forest Products by 5.5% during the second quarter. National Bank of Canada FI now owns 35,919 shares of the basic materials company's stock worth $438,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Resolute Forest Products by 13.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 18,884 shares of the basic materials company's stock worth $241,000 after purchasing an additional 2,184 shares during the last quarter. Institutional investors own 89.00% of the company's stock.

Resolute Forest Products Stock Down 1.4 %

Resolute Forest Products (NYSE:RFP – Get Rating) (TSE:RFP) last posted its earnings results on Thursday, November 3rd. The basic materials company reported $1.08 earnings per share (EPS) for the quarter. Resolute Forest Products had a net margin of 11.15% and a return on equity of 24.51%. The firm had revenue of $974.00 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RFP shares. Royal Bank of Canada cut Resolute Forest Products from an "outperform" rating to a "sector perform" rating and set a $23.00 price objective on the stock. in a research report on Tuesday, October 18th. StockNews.com raised Resolute Forest Products from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 7th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.67.

Resolute Forest Products Company Profile

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Resolute Forest Products Inc, together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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