MISUMI Group Inc. (OTCMKTS:MSSMY) Sees Large Decline in Short Interest

MISUMI Group Inc. (OTCMKTS:MSSMYGet Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 71 shares, a drop of 68.6% from the August 15th total of 226 shares. Based on an average daily volume of 852 shares, the days-to-cover ratio is currently 0.1 days.

MISUMI Group Stock Performance

MSSMY stock opened at $11.15 on Monday. The stock’s 50 day moving average is $11.62 and its two-hundred day moving average is $10.73. MISUMI Group has a 52-week low of $6.64 and a 52-week high of $13.00.

About MISUMI Group

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MISUMI Group Inc is a Tokyo-based industrial supplier specializing in configurable components and automation solutions for the manufacturing sector. Through its proprietary e-catalog platform, the company offers a broad portfolio of mechanical parts, including linear motion systems, bearings, fasteners and workholding devices. Customers can select from a vast library of standard items or specify custom dimensions online, with real-time CAD downloads and instant pricing to support rapid design cycles.

In addition to off-the-shelf components, MISUMI Group provides precision press-die and plastic-mold parts under its Die Components business.

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