Western Forest Products Inc. (OTCMKTS:WFSTF – Get Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 1,196,300 shares, an increase of 52.8% from the December 15th total of 782,700 shares. Based on an average daily volume of 21,600 shares, the short-interest ratio is presently 55.4 days.
Western Forest Products Trading Down 3.3 %
WFSTF opened at $0.94 on Friday. Western Forest Products has a twelve month low of $0.79 and a twelve month high of $1.80. The company has a fifty day moving average of $0.86 and a 200-day moving average of $1.00.Get Western Forest Products alerts:
Western Forest Products Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, November 25th were given a dividend of $0.0092 per share. This represents a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, November 24th.
Analyst Ratings ChangesSeveral equities analysts have recently issued reports on the stock. TD Securities downgraded shares of Western Forest Products from a "buy" rating to a "hold" rating in a research note on Monday, November 7th. Scotiabank dropped their price target on shares of Western Forest Products from C$2.00 to C$1.75 in a research note on Monday, January 9th. Royal Bank of Canada dropped their price target on shares of Western Forest Products from C$1.75 to C$1.50 in a research note on Friday, November 4th. CIBC dropped their price target on shares of Western Forest Products from C$1.50 to C$1.25 in a research note on Tuesday, January 10th. Finally, Raymond James downgraded shares of Western Forest Products from an "outperform" rating to a "market perform" rating in a research note on Monday, October 24th.
Western Forest Products Company Profile
Western Forest Products Inc engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications.
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