Mersen S.A. (OTCMKTS:CBLNF) Sees Significant Growth in Short Interest

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 145 shares, an increase of 168.5% from the July 15th total of 54 shares. Based on an average trading volume of 35 shares, the days-to-cover ratio is currently 4.1 days.

Mersen Stock Performance

Shares of CBLNF opened at C$47.67 on Friday. The company has a 50-day moving average price of C$42.29 and a two-hundred day moving average price of C$35.61. Mersen has a 12 month low of C$39.24 and a 12 month high of C$48.47.

Mersen Company Profile

Mersen is a global specialist in electrical power and advanced materials, offering a comprehensive range of products and services that support the safe and efficient distribution of electrical energy and the development of high-performance materials. The company’s Electrical Power division designs and manufactures a wide array of solutions, including fuses, surge protection devices, busbars, power distribution blocks and enclosures, all engineered to safeguard industrial, commercial and utility installations against overloads, short circuits and transients.

In its Graphite & Carbon Materials division, Mersen produces custom-engineered graphite components, carbon brushes, mechanical carbon parts and high-purity graphite for demanding applications in industries such as semiconductors, solar power, chemical processing, and electric vehicles.