Martinrea International Inc. (OTCMKTS:MRETF) Sees Large Growth in Short Interest

Martinrea International Inc. (OTCMKTS:MRETF) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 266,245 shares, an increase of 83.9% from the July 15th total of 144,814 shares. Based on an average trading volume of 17,764 shares, the days-to-cover ratio is currently 15.0 days.

Martinrea International Stock Performance

Shares of OTCMKTS:MRETF opened at $7.79 on Friday. The firm’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $7.33. Martinrea International has a fifty-two week low of $6.48 and a fifty-two week high of $8.46.

About Martinrea International

Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.

Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.