Short Interest in Mitsubishi Materials Co. (OTCMKTS:MIMTF) Rises By 63.1%

Mitsubishi Materials Co. (OTCMKTS:MIMTF) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 351,600 shares, a growth of 63.1% from the July 31st total of 215,600 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Mitsubishi Materials Stock Performance

Shares of Mitsubishi Materials stock remained flat at C$18.65 during trading on Friday. Mitsubishi Materials has a 12-month low of C$17.39 and a 12-month high of C$20.00. The company’s 50-day moving average price is C$18.76 and its 200-day moving average price is C$18.42.

Mitsubishi Materials Company Profile

Mitsubishi Materials Corporation, together with its subsidiaries, engages in metals, metalworking solutions, cement, environment and energy, and electronic materials businesses in Japan. The company offers automotive products, including engine, drive system, and onboard equipment parts and materials; exterior parts and materials; electronic parts and materials; hybrid, EV, and fuel cell car parts and materials; tools; recycling, and green products and materials; environment and recycle technology; energy recovery resources, such as shredder residue, batteries, and e-scrap; and recycling facilities.