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

Stella-Jones Inc. (OTCMKTS:STLJF) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 589,438 shares, a growth of 74.4% from the September 30th total of 338,025 shares. Based on an average daily trading volume, of 15,239 shares, the short-interest ratio is presently 38.7 days. Approximately 1.1% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of research firms have recently commented on STLJF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Stella-Jones in a research note on Tuesday, October 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of Stella-Jones in a report on Wednesday, September 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Stella-Jones Stock Performance

OTCMKTS STLJF opened at $47.46 on Wednesday. The company has a current ratio of 4.96, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $47.94 and its two-hundred day moving average price is $57.70. Stella-Jones has a 1 year low of $45.01 and a 1 year high of $72.46. The firm has a market capitalization of $2.59 billion and a P/E ratio of 32.29.

About Stella-Jones

Stella-Jones Inc is a Canadian manufacturer and marketer of pressure-treated wood products used in infrastructure, construction and residential applications. The company produces utility poles, railway ties and timbers, as well as lumber and other wood products treated for outdoor use.

Its infrastructure products support electric utilities, telecommunications providers and railways, while its residential products are sold for applications such as decks, fences and landscaping. Stella-Jones also provides industrial wood products for customers in sectors including transportation, construction and energy.

Headquartered in Montreal, Quebec, Stella-Jones serves customers primarily across Canada and the United States through a network of manufacturing and distribution facilities.