Short Interest in Russel Metals Inc. (OTCMKTS:RUSMF) Decreases By 36.9%

Russel Metals Inc. (OTCMKTS:RUSMF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 189,519 shares, a decline of 36.9% from the April 15th total of 300,244 shares. Based on an average daily volume of 9,975 shares, the days-to-cover ratio is currently 19.0 days.

Analyst Ratings Changes

Several analysts have commented on RUSMF shares. National Bank Financial cut Russel Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Russel Metals in a report on Friday, February 13th. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a report on Thursday, May 7th. Finally, TD Securities reiterated a “buy” rating on shares of Russel Metals in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Russel Metals Stock Performance

Shares of RUSMF traded up $0.83 during trading on Monday, reaching $42.78. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 16,232. The company has a fifty day moving average of $36.47 and a two-hundred day moving average of $33.72. Russel Metals has a twelve month low of $27.78 and a twelve month high of $43.86.

Russel Metals Company Profile

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.