GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Sees Large Growth in Short Interest

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 18,904 shares, an increase of 98.9% from the December 31st total of 9,503 shares. Based on an average daily volume of 8,630 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 8,630 shares, the days-to-cover ratio is currently 2.2 days.

GreenFirst Forest Products Stock Performance

OTCMKTS ICLTF opened at C$1.70 on Friday. The stock has a fifty day simple moving average of C$1.39 and a 200 day simple moving average of C$1.74. GreenFirst Forest Products has a twelve month low of C$1.15 and a twelve month high of C$3.72.

About GreenFirst Forest Products

GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.