Western Forest Products Inc. (OTCMKTS:WFSTF) Short Interest Update

Western Forest Products Inc. (OTCMKTS:WFSTF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,767,000 shares, an increase of 147.6% from the February 29th total of 713,700 shares. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is currently 72.4 days.

Western Forest Products Price Performance

Shares of OTCMKTS:WFSTF opened at $0.47 on Thursday. The stock’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.52. Western Forest Products has a 12-month low of $0.42 and a 12-month high of $0.86.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.