Maruichi Steel Tube Ltd. (OTCMKTS:MCHIF – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 344,741 shares, a decline of 47.1% from the August 31st total of 651,765 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.
Maruichi Steel Tube Stock Performance
Shares of Maruichi Steel Tube stock remained flat at $21.93 on Thursday. The company’s fifty day moving average is $21.93 and its two-hundred day moving average is $14.11. Maruichi Steel Tube has a 1-year low of $21.93 and a 1-year high of $21.93.
Maruichi Steel Tube Company Profile
Maruichi Steel Tube Ltd. is a Japan-based manufacturer of welded steel tubes and related steel products. The company supplies products used in construction, infrastructure, machinery, automotive applications and other industrial markets, with offerings that include structural steel tubes, mechanical tubing, galvanized and coated pipes, and other specialized steel pipe products.
Founded in 1947, Maruichi Steel Tube has developed manufacturing and distribution operations serving customers in Japan and overseas.
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