Conifex Timber Inc. (OTCMKTS:CFXTF – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 2,800 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 878 shares, the days-to-cover ratio is currently 3.2 days.
Conifex Timber Price Performance
Shares of CFXTF remained flat at $0.09 during midday trading on Friday. The business’s 50-day simple moving average is $0.10 and its 200-day simple moving average is $0.10. Conifex Timber has a 1-year low of $0.04 and a 1-year high of $0.31.
About Conifex Timber
Conifex Timber Inc is a Canada-based integrated wood products company that specializes in the production and distribution of softwood lumber and wood chips. The company is headquartered in Vancouver, British Columbia, and operates two manufacturing facilities in Northern British Columbia near Prince George and Mackenzie. Conifex Timber’s operations encompass sawmilling, planing, kiln drying and chipping, enabling the company to deliver finished lumber products and industrial wood chips to a broad customer base.
The company’s primary products include dimension lumber used in residential and commercial construction, as well as wood chips sold to pulp, paper and dissolving pulp producers.
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