Martinrea International Inc. (OTCMKTS:MRETF) Sees Large Drop in Short Interest

Martinrea International Inc. (OTCMKTS:MRETF) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 53,200 shares, a decrease of 26.2% from the March 31st total of 72,100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 53.2 days.

Martinrea International Price Performance

Shares of MRETF opened at $8.32 on Friday. The firm’s 50 day moving average is $8.91 and its 200-day moving average is $9.37. Martinrea International has a 12-month low of $7.95 and a 12-month high of $11.30.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.