Short Interest in Mitsubishi Materials Co. (OTCMKTS:MIMTF) Drops By 21.4%

Mitsubishi Materials Co. (OTCMKTS:MIMTF) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 605,800 shares, a decrease of 21.4% from the March 15th total of 770,400 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 6,058.0 days.

Mitsubishi Materials Stock Performance

MIMTF stock remained flat at C$15.88 during mid-day trading on Friday. Mitsubishi Materials has a 52-week low of C$15.59 and a 52-week high of C$20.00. The stock’s fifty day simple moving average is C$15.69 and its two-hundred day simple moving average is C$16.66.

About Mitsubishi Materials

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.