Mitsubishi Materials Co. (OTCMKTS:MIMTF) Short Interest Down 33.9% in January

Mitsubishi Materials Co. (OTCMKTS:MIMTF) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 527,000 shares, a decrease of 33.9% from the January 15th total of 796,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 5,270.0 days.

Mitsubishi Materials Stock Performance

Shares of MIMTF remained flat at C$15.59 during trading hours on Friday. The firm’s 50 day moving average price is C$16.62 and its 200-day moving average price is C$17.44. Mitsubishi Materials has a fifty-two week low of C$15.59 and a fifty-two week high of C$20.00.

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.