Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) saw a significant growth in short interest in 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 trading volume of 137 shares, the days-to-cover ratio is presently 6,482.6 days.
Mitsubishi Materials Stock Performance
Shares of OTCMKTS MIMTF remained flat at C$24.10 during mid-day trading on Tuesday. Mitsubishi Materials has a 52-week low of C$23.73 and a 52-week high of C$39.00. The company has a 50-day simple moving average of C$29.49 and a two-hundred day simple moving average of C$30.53.
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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