Mitsubishi Materials Co. (OTCMKTS:MIMTF) Sees Large Growth in Short Interest

Mitsubishi Materials Co. (OTCMKTS:MIMTF) was the target of a significant increase in short interest in 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 trading volume of 137 shares, the short-interest ratio is presently 6,482.6 days.

Mitsubishi Materials Price Performance

OTCMKTS MIMTF opened at C$24.10 on Wednesday. Mitsubishi Materials has a 1-year low of C$23.73 and a 1-year high of C$39.00. The firm’s fifty day simple moving average is C$29.28 and its 200-day simple moving average is C$30.52.

Mitsubishi Materials Company Profile

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.