Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 96,682 shares, a drop of 41.3% from the May 14th total of 164,811 shares. Based on an average daily volume of 21 shares, the short-interest ratio is currently 4,603.9 days.
Mitsubishi Materials Stock Performance
Shares of Mitsubishi Materials stock remained flat at C$30.49 during mid-day trading on Tuesday. The firm has a fifty day moving average of C$33.44 and a 200-day moving average of C$28.66. Mitsubishi Materials has a 12 month low of C$23.73 and a 12 month high of C$39.00.
About Mitsubishi Materials
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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