Short Interest in Acadian Timber Corp. (OTCMKTS:ACAZF) Drops By 17.5%

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 10,400 shares, a decrease of 17.5% from the June 30th total of 12,600 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 2.4 days.

Acadian Timber Trading Up 1.9 %

OTCMKTS:ACAZF opened at $13.28 on Tuesday. The company’s 50-day moving average is $12.66 and its two-hundred day moving average is $12.63. Acadian Timber has a 1-year low of $11.13 and a 1-year high of $13.81.

Acadian Timber Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.2118 dividend. This represents a yield of 6.83%. The ex-dividend date of this dividend was Friday, June 28th. Acadian Timber’s dividend payout ratio is presently 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.