Mitsubishi Materials Co. (OTCMKTS:MIMTF) Short Interest Up 64.7% in February

Mitsubishi Materials Co. (OTCMKTS:MIMTF) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 910,200 shares, a growth of 64.7% from the February 13th total of 552,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 9,102.0 days.

Mitsubishi Materials Price Performance

Shares of OTCMKTS MIMTF remained flat at C$15.59 during trading hours on Friday. The business’s 50 day simple moving average is C$15.96 and its 200-day simple moving average is C$17.02. Mitsubishi Materials has a twelve month low of C$15.59 and a twelve month high of C$20.00.

About Mitsubishi Materials

Mitsubishi Materials Corporation, together with its subsidiaries, engages in metals, metalworking solutions, cement, environment and energy, and electronic materials businesses in Japan. The company offers automotive products, including engine, drive system, and onboard equipment parts and materials; exterior parts and materials; electronic parts and materials; hybrid, EV, and fuel cell car parts and materials; tools; recycling, and green products and materials; environment and recycle technology; energy recovery resources, such as shredder residue, batteries, and e-scrap; and recycling facilities.