Mitsubishi Materials Co. (OTCMKTS:MIMTF – Get Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 177,500 shares, a growth of 13.6% from the August 15th total of 156,200 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.
Mitsubishi Materials Price Performance
OTCMKTS MIMTF opened at 14.50 on Monday. Mitsubishi Materials has a 1-year low of 14.28 and a 1-year high of 15.66. The company has a 50 day simple moving average of 14.60.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley downgraded shares of Mitsubishi Materials from an “equal weight” rating to an “underweight” rating in a research report on Friday, July 1st.
About Mitsubishi Materials
Mitsubishi Materials Corporation, together with its subsidiaries, engages in, metals, metalworking solutions, cement, environment and energy, and electronic materials businesses. 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; and recycling, and green parts and materials.
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