GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) Short Interest Update

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 9,503 shares, an increase of 35.7% from the December 15th total of 7,004 shares. Based on an average daily volume of 32,243 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 32,243 shares, the days-to-cover ratio is presently 0.3 days.

GreenFirst Forest Products Stock Down 9.3%

Shares of ICLTF traded down C$0.17 during midday trading on Friday, reaching C$1.65. 1,500 shares of the stock were exchanged, compared to its average volume of 5,550. GreenFirst Forest Products has a twelve month low of C$1.15 and a twelve month high of C$3.85. The stock’s 50 day simple moving average is C$1.34 and its 200 day simple moving average is C$1.80.

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.