Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 888,110 shares, an increase of 199.9% from the June 30th total of 296,143 shares. Based on an average daily volume of 137 shares, the days-to-cover ratio is presently 6,482.6 days.
Mitsubishi Materials Stock Performance
Shares of OTCMKTS:MIMTF remained flat at C$24.10 during midday trading on Monday. The stock had a trading volume of 98 shares, compared to its average volume of 375. Mitsubishi Materials has a 52 week low of C$23.73 and a 52 week high of C$39.00. The stock’s fifty day simple moving average is C$29.70 and its two-hundred day simple moving average is C$30.53.
About Mitsubishi Materials
Mitsubishi Materials Corporation is a Japanese materials engineering company that manufactures and processes a wide range of products derived from non-ferrous metals, cement and advanced materials. As part of the Mitsubishi Group, it leverages integrated operations spanning resource development, smelting, fabrication and recycling to serve diverse industrial needs.
The company’s offerings include copper cathodes, rods and wires, aluminum products, and electronic materials such as sputtering targets, semiconductor back-end materials and metal powders.
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