Stella-Jones Inc. (OTCMKTS:STLJF) Shares Shorted: Short Interest Up 74.4% in October

Stella-Jones Inc. (OTCMKTS:STLJF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 589,438 shares, a growth of 74.4% from the September 30th total of 338,025 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 15,239 shares, the short-interest ratio is currently 38.7 days.

Analysts Set New Price Targets

Several analysts have recently commented on STLJF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Stella-Jones in a report on Wednesday, September 30th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Stella-Jones in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stella-Jones Stock Performance

Shares of STLJF stock opened at $47.74 on Tuesday. The stock has a fifty day moving average price of $48.00 and a 200 day moving average price of $57.78. The stock has a market cap of $2.61 billion and a PE ratio of 32.48. Stella-Jones has a 1 year low of $45.01 and a 1 year high of $72.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 4.96.

About Stella-Jones

Stella-Jones Inc is a Canadian manufacturer and marketer of pressure-treated wood products used in infrastructure, construction and residential applications. The company produces utility poles, railway ties and timbers, as well as lumber and other wood products treated for outdoor use.

Its infrastructure products support electric utilities, telecommunications providers and railways, while its residential products are sold for applications such as decks, fences and landscaping. Stella-Jones also provides industrial wood products for customers in sectors including transportation, construction and energy.

Headquartered in Montreal, Quebec, Stella-Jones serves customers primarily across Canada and the United States through a network of manufacturing and distribution facilities.