Mitsubishi Materials Co. (OTCMKTS:MIMTF) Short Interest Down 33.9% in January

Mitsubishi Materials Co. (OTCMKTS:MIMTF) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 527,000 shares, a decrease of 33.9% from the January 15th total of 796,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 5,270.0 days.

Mitsubishi Materials Price Performance

Shares of OTCMKTS:MIMTF opened at C$15.59 on Friday. Mitsubishi Materials has a 12 month low of C$15.59 and a 12 month high of C$20.00. The company’s 50-day moving average price is C$16.69 and its two-hundred day moving average price is C$17.48.

Mitsubishi Materials Company Profile

Mitsubishi Materials Corporation, together with its subsidiaries, engages in metals, metalworking solutions, cement, environment and energy, and electronic materials businesses in Japan. The company offers automotive products, including engine, drive system, and onboard equipment parts and materials; exterior parts and materials; electronic parts and materials; hybrid, EV, and fuel cell car parts and materials; tools; recycling, and green products and materials; environment and recycle technology; energy recovery resources, such as shredder residue, batteries, and e-scrap; and recycling facilities.