Martinrea International Inc. (OTCMKTS:MRETF) Sees Significant Decline in Short Interest

Martinrea International Inc. (OTCMKTS:MRETF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 92,300 shares, a decrease of 18.1% from the August 15th total of 112,700 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 44.0 days.

Martinrea International Stock Performance

Shares of OTCMKTS MRETF opened at $8.08 on Tuesday. Martinrea International has a 12-month low of $7.49 and a 12-month high of $10.96. The business’s fifty day simple moving average is $8.06 and its 200-day simple moving average is $8.42.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.