Western Forest Products Inc. (OTCMKTS:WFSTF) Sees Large Growth in Short Interest

Western Forest Products Inc. (OTCMKTS:WFSTF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,558,600 shares, an increase of 26.1% from the December 31st total of 1,235,800 shares. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 44.2 days.

Western Forest Products Price Performance

OTCMKTS:WFSTF opened at $0.28 on Friday. The company’s 50 day moving average is $0.30 and its 200-day moving average is $0.33. Western Forest Products has a 12 month low of $0.26 and a 12 month high of $0.52.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.