Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 888,110 shares, a growth of 199.9% from the June 30th total of 296,143 shares. Based on an average daily trading volume, of 137 shares, the short-interest ratio is currently 6,482.6 days.
Mitsubishi Materials Price Performance
Shares of MIMTF remained flat at C$24.10 during trading hours on Monday. The stock had a trading volume of 98 shares, compared to its average volume of 375. Mitsubishi Materials has a twelve month low of C$23.73 and a twelve month high of C$39.00. The firm has a fifty day simple moving average of C$29.70 and a two-hundred day simple moving average of C$30.53.
Mitsubishi Materials Company Profile
Mitsubishi Materials Corporation is a Japanese materials engineering company that manufactures and processes a wide range of products derived from non-ferrous metals, cement and advanced materials. As part of the Mitsubishi Group, it leverages integrated operations spanning resource development, smelting, fabrication and recycling to serve diverse industrial needs.
The company’s offerings include copper cathodes, rods and wires, aluminum products, and electronic materials such as sputtering targets, semiconductor back-end materials and metal powders.
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