Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) Sees Significant Decrease in Short Interest

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 438,653 shares, a decrease of 15.7% from the December 31st total of 520,647 shares. Based on an average daily volume of 10,557 shares, the short-interest ratio is presently 41.6 days. Based on an average daily volume of 10,557 shares, the short-interest ratio is presently 41.6 days.

Analyst Ratings Changes

Separately, Desjardins assumed coverage on shares of Doman Building Materials Group in a research note on Wednesday, October 29th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Doman Building Materials Group Stock Performance

CWXZF opened at $7.31 on Wednesday. The stock’s 50 day moving average price is $6.97 and its 200 day moving average price is $6.73. Doman Building Materials Group has a 12 month low of $4.50 and a 12 month high of $7.50.

Doman Building Materials Group Company Profile

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.