Mitsubishi Materials Co. (OTCMKTS:MIMTF) Short Interest Down 33.9% in January

Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 527,000 shares, a decline of 33.9% from the January 15th total of 796,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 5,270.0 days.

Mitsubishi Materials Price Performance

Shares of MIMTF remained flat at C$15.59 during mid-day trading on Friday. The company’s 50-day moving average price is C$16.62 and its 200-day moving average price is C$17.44. Mitsubishi Materials has a 1-year low of C$15.59 and a 1-year high of C$20.00.

About Mitsubishi Materials

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Mitsubishi Materials Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mitsubishi Materials and related companies with MarketBeat.com’s FREE daily email newsletter.