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

Mersen S.A. (OTCMKTS:CBLNF) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 751 shares, an increase of 275.5% from the April 30th total of 200 shares. Based on an average daily volume of 76 shares, the short-interest ratio is currently 9.9 days.

Mersen Price Performance

Shares of OTCMKTS:CBLNF remained flat at C$42.40 on Friday. Mersen has a twelve month low of C$41.69 and a twelve month high of C$42.40. The business’s fifty day simple moving average is C$32.80 and its 200 day simple moving average is C$30.63.

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.