Hardwoods Distribution Inc. (OTCMKTS:HDIUF – Get Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 181,900 shares, an increase of 39.8% from the March 15th total of 130,100 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 181.9 days.
A number of research firms have commented on HDIUF. Canaccord Genuity Group decreased their price target on Hardwoods Distribution from C$73.00 to C$60.00 in a research note on Monday, April 11th. Scotiabank assumed coverage on Hardwoods Distribution in a report on Wednesday, April 6th. They issued an “outperform” rating on the stock. Finally, CIBC increased their price objective on Hardwoods Distribution from C$59.00 to C$60.00 in a report on Monday, January 10th.
Shares of HDIUF stock remained flat at $$27.43 during mid-day trading on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 1,656. The business has a fifty day moving average of $31.33 and a two-hundred day moving average of $32.64. Hardwoods Distribution has a fifty-two week low of $23.03 and a fifty-two week high of $38.96.
The business also recently declared a dividend, which will be paid on Friday, April 29th. Investors of record on Tuesday, April 19th will be given a dividend of $0.0939 per share. This represents a yield of 1.37%. The ex-dividend date of this dividend is Monday, April 18th.
About Hardwoods Distribution (Get Rating)
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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