Short Interest in Mitsubishi Materials Co. (OTCMKTS:MIMTF) Declines By 33.9%

Mitsubishi Materials Co. (OTCMKTS:MIMTF) was the recipient of a large decline in short interest in 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 currently 5,270.0 days.

Mitsubishi Materials Price Performance

MIMTF remained flat at C$15.59 on Friday. Mitsubishi Materials has a twelve month low of C$15.59 and a twelve month high of C$20.00. The company has a 50 day simple moving average of C$16.62 and a 200 day simple moving average of C$17.44.

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.