Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) Sees Significant Decline in Short Interest

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 691,117 shares, a drop of 16.6% from the November 30th total of 828,950 shares. Based on an average daily volume of 7,592 shares, the days-to-cover ratio is presently 91.0 days. Based on an average daily volume of 7,592 shares, the days-to-cover ratio is presently 91.0 days.

Doman Building Materials Group Stock Down 0.1%

Shares of OTCMKTS:CWXZF traded down $0.00 during midday trading on Wednesday, hitting $7.00. The stock had a trading volume of 11,069 shares, compared to its average volume of 9,839. Doman Building Materials Group has a 1 year low of $4.50 and a 1 year high of $7.25. The stock has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $6.58.

Wall Street Analysts Forecast Growth

Separately, Desjardins began coverage on Doman Building Materials Group in a research report on Wednesday, October 29th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Doman Building Materials Group

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.