Russel Metals Inc. (OTCMKTS:RUSMF) Sees Large Decrease in Short Interest

Russel Metals Inc. (OTCMKTS:RUSMF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 257,900 shares, a decline of 37.9% from the February 28th total of 415,000 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 25.3 days.

Russel Metals Price Performance

Shares of OTCMKTS:RUSMF remained flat at $28.18 during midday trading on Friday. 18,248 shares of the stock were exchanged, compared to its average volume of 15,108. The business has a 50-day moving average of $28.49 and a 200 day moving average of $29.33. Russel Metals has a 12-month low of $25.32 and a 12-month high of $33.05.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.