Rayonier

RYN

Rayonier Inc, headquartered in Wildlight, Florida, is a timberland real estate investment trust ("REIT") with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. Its core business segments are timber and real estate. As of December 31, 2017, the company owned or leased approximately 2.6 million acres of timberlands overall, located in the U.S. South (1.8 million acres) and U.S. Pacific Northwest (378,000 acres). The company also has a 77% ownership interest in Matariki Forestry Group, a joint venture, that owns or leases approximately 410,000 acres of timberlands in New Zealand.

Rayonier has been a target of short sellers for a while. The current short interest of 4.97% is roughly at the average of the last 12 months (3.34%).