Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 258,937 shares, a growth of 167.8% from the May 31st total of 96,682 shares. Based on an average daily trading volume, of 40 shares, the short-interest ratio is presently 6,473.4 days.
Mitsubishi Materials Price Performance
MIMTF stock opened at C$30.30 on Monday. Mitsubishi Materials has a one year low of C$23.73 and a one year high of C$39.00. The firm’s 50 day moving average price is C$32.78 and its 200-day moving average price is C$29.44.
About Mitsubishi Materials
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.
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