Itafos Inc. (OTCMKTS:MBCF) Sees Significant Decline in Short Interest

Itafos Inc. (OTCMKTS:MBCF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 500 shares, a drop of 99.0% from the November 30th total of 47,900 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 0.0 days.

Itafos Price Performance

Shares of MBCF stock traded up $0.02 during trading hours on Thursday, hitting $1.22. 1,355 shares of the company’s stock traded hands, compared to its average volume of 7,811. Itafos has a 12 month low of $0.85 and a 12 month high of $1.30. The stock’s 50 day simple moving average is $1.22 and its 200 day simple moving average is $1.13.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.