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

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 33,851 shares, a growth of 20.8% from the February 26th total of 28,027 shares. Based on an average daily volume of 11,222 shares, the days-to-cover ratio is currently 3.0 days.

GreenFirst Forest Products Stock Performance

Shares of GreenFirst Forest Products stock opened at C$1.51 on Wednesday. GreenFirst Forest Products has a 1 year low of C$1.15 and a 1 year high of C$3.00. The company has a 50 day simple moving average of C$1.75 and a two-hundred day simple moving average of C$1.61.

GreenFirst Forest Products Company Profile

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.