Maruichi Steel Tube Ltd. (OTCMKTS:MCHIF – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 170,322 shares, a drop of 50.6% from the September 15th total of 344,741 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Maruichi Steel Tube Stock Performance
OTCMKTS MCHIF remained flat at $21.93 during trading hours on Wednesday. The stock’s 50 day moving average is $21.93 and its two-hundred day moving average is $15.03. Maruichi Steel Tube has a one year low of $21.93 and a one year high of $21.93.
About Maruichi Steel Tube
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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