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

MISUMI Group Inc. (OTCMKTS:MSSMY) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a drop of 12.5% from the December 31st total of 1,600 shares. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.0 days.

MISUMI Group Price Performance

OTCMKTS:MSSMY traded up $0.16 during trading hours on Monday, reaching $7.92. The company’s stock had a trading volume of 8,560 shares, compared to its average volume of 19,608. The firm has a 50-day simple moving average of $7.73 and a 200-day simple moving average of $8.35. MISUMI Group has a 1 year low of $6.63 and a 1 year high of $9.94.

MISUMI Group Company Profile

MISUMI Group Inc engages in the factory automation and die components businesses worldwide. The company operates through three segments: FA Business, Die Components Business, and VONA Business. It offers mechanical components, including shafts, timing pulleys, linear bushings, and flat belt conveyors; and locator devices and measurement equipment, such as automatic stage units, actuators, optical measurement devices, and optical waveguide alignment products.