Interfor Corp (OTCMKTS:IFSPF) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 518,900 shares, a decrease of 21.9% from the August 31st total of 664,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 157.2 days.
Shares of Interfor stock traded up $0.48 during midday trading on Thursday, hitting $11.58. The company had a trading volume of 1,681 shares, compared to its average volume of 4,246. The company has a 50 day moving average of $12.67 and a 200 day moving average of $8.58. Interfor has a 52-week low of $3.41 and a 52-week high of $14.22.
Several research analysts have recently issued reports on the company. TD Securities increased their target price on Interfor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Royal Bank of Canada increased their target price on Interfor from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Scotiabank increased their target price on Interfor from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. CIBC increased their target price on Interfor from $22.00 to $23.00 in a research report on Tuesday, August 25th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.42.
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.
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