Short Interest in Mersen S.A. (OTCMKTS:CBLNF) Declines By 50.0%

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,100 shares, a decrease of 50.0% from the October 15th total of 2,200 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 0.4 days.

Mersen Trading Down 11.7 %

Shares of OTCMKTS CBLNF traded down C$2.80 during midday trading on Wednesday, reaching C$21.20. The company had a trading volume of 230 shares, compared to its average volume of 366. The firm’s fifty day moving average price is C$32.99 and its 200-day moving average price is C$35.89. Mersen has a one year low of C$21.20 and a one year high of C$40.00.

Mersen Company Profile

Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. The company offers electrical protection and control products, such as IEC and UL/CSA low voltage general purpose fuses and fuse gears, high and medium voltage fuses, surge protection, lightning protection and power monitoring, and power transfer solutions for rail vehicles; and power management solutions, including high speed fuses, DC protection for electric vehicles and battery, cooling solutions, bus bars, and aluminum electrolytic and film capacitors.