Mips AB (publ) (OTCMKTS:MPZAF) Sees Large Growth in Short Interest

Mips AB (publ) (OTCMKTS:MPZAF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 578,323 shares, an increase of 57.6% from the May 14th total of 366,932 shares. Based on an average trading volume of 23 shares, the short-interest ratio is currently 25,144.5 days.

Mips AB (publ) Price Performance

MPZAF stock remained flat at $25.90 during midday trading on Tuesday. 236 shares of the company’s stock were exchanged, compared to its average volume of 394. The stock’s 50 day simple moving average is $26.85 and its 200-day simple moving average is $37.00. Mips AB has a 1 year low of $23.36 and a 1 year high of $32.00.

About Mips AB (publ)

Mips AB (publ) develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sport helmets, which include bike, snow, equestrian, and team sports helmets, as well as other helmets, such as climbing, snowmobiling, and white-water rafting helmets; moto helmets comprising on-road and off-road helmets, including scooter, mobiling, car driving, and other helmets that involves travel and high speed activities; and safety helmets for construction, manufacturing, mining, and oil industries, as well as military, police force, and rescue services.