Short Interest in Russel Metals Inc. (OTCMKTS:RUSMF) Expands By 78.3%

Russel Metals Inc. (OTCMKTS:RUSMF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 316,300 shares, an increase of 78.3% from the November 30th total of 177,400 shares. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is presently 22.3 days.

Russel Metals Price Performance

Russel Metals stock traded down $0.42 during mid-day trading on Friday, reaching $29.22. 44,562 shares of the company’s stock were exchanged, compared to its average volume of 3,002. The company has a fifty day moving average of $30.39 and a 200-day moving average of $28.90. Russel Metals has a twelve month low of $26.00 and a twelve month high of $35.00.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.