Maruichi Steel Tube Ltd. (OTCMKTS:MCHIF – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 344,741 shares, a drop of 47.1% from the August 31st total of 651,765 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.
Maruichi Steel Tube Price Performance
Shares of OTCMKTS MCHIF remained flat at $21.93 during midday trading on Wednesday. The company has a 50-day moving average of $21.93 and a 200-day moving average of $14.00. Maruichi Steel Tube has a fifty-two week low of $21.93 and a fifty-two week 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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