Martinrea International Inc. (OTCMKTS:MRETF – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 266,245 shares, an increase of 83.9% from the July 15th total of 144,814 shares. Based on an average daily volume of 17,764 shares, the short-interest ratio is currently 15.0 days.
Martinrea International Price Performance
MRETF opened at $7.94 on Tuesday. The business has a fifty day simple moving average of $7.31 and a 200-day simple moving average of $7.34. Martinrea International has a fifty-two week low of $6.48 and a fifty-two week high of $8.46.
Martinrea International Company Profile
Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.
Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.
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