MISUMI Group Inc. (OTCMKTS:MSSMY) Shares Shorted: Short Interest Up 4,238.7% in October

MISUMI Group Inc. (OTCMKTS:MSSMY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,345 shares, an increase of 4,238.7% from the September 30th total of 31 shares. Based on an average daily volume of 780 shares, the short-interest ratio is presently 1.7 days.

MISUMI Group Stock Performance

OTCMKTS MSSMY remained flat at $10.36 during mid-day trading on Monday. 231 shares of the company were exchanged, compared to its average volume of 1,173. The business has a 50-day simple moving average of $11.76 and a 200 day simple moving average of $11.38. MISUMI Group has a 12-month low of $6.64 and a 12-month high of $13.03.

MISUMI Group Company Profile

MISUMI Group Inc is a Japan-based company that provides mechanical components, manufacturing supplies, and related services to industrial customers. Its product offerings include components for factory automation, mechanical machinery, press dies, plastic molds, and other manufacturing applications. The company serves businesses that require standardized and configurable parts for equipment design, production, and maintenance.

MISUMI operates an extensive catalog-based business model, allowing customers to select product specifications and order components through its digital platforms.