Stella-Jones Inc. (OTCMKTS:STLJF) Sees Large Growth in Short Interest

Stella-Jones Inc. (OTCMKTS:STLJF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 183,827 shares, an increase of 107.3% from the May 31st total of 88,674 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 7,149 shares, the days-to-cover ratio is currently 25.7 days.

Analysts Set New Price Targets

Separately, Desjardins reissued a “buy” rating on shares of Stella-Jones in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stella-Jones presently has a consensus rating of “Buy”.

Stella-Jones Price Performance

STLJF opened at $56.33 on Wednesday. The stock has a market cap of $3.07 billion and a P/E ratio of 38.32. Stella-Jones has a 12 month low of $51.60 and a 12 month high of $72.46. The company has a quick ratio of 1.11, a current ratio of 4.96 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $63.08.

Stella-Jones (OTCMKTS:STLJF) last posted its earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Stella-Jones had a return on equity of 14.92% and a net margin of 8.66%.The business had revenue of $568.67 million for the quarter, compared to the consensus estimate of $583.30 million.

About Stella-Jones

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.