Maruichi Steel Tube Ltd. (OTCMKTS:MCHIF – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 170,322 shares, a drop of 50.6% from the September 15th total of 344,741 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.
Maruichi Steel Tube Price Performance
Shares of MCHIF stock remained flat at $21.93 during mid-day trading on Wednesday. The business has a 50-day moving average of $21.93 and a two-hundred day moving average of $15.03. Maruichi Steel Tube has a 12-month low of $21.93 and a 12-month high of $21.93.
Maruichi Steel Tube Company Profile
Maruichi Steel Tube Ltd. is a Japan-based manufacturer of welded steel tubes and related steel products. The company supplies products used in construction, infrastructure, machinery, automotive applications and other industrial markets, with offerings that include structural steel tubes, mechanical tubing, galvanized and coated pipes, and other specialized steel pipe products.
Founded in 1947, Maruichi Steel Tube has developed manufacturing and distribution operations serving customers in Japan and overseas.
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