Short Interest in Itafos Inc. (OTCMKTS:MBCF) Grows By 140.0%

Itafos Inc. (OTCMKTS:MBCF) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,800 shares, a growth of 140.0% from the October 15th total of 2,000 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 2.0 days.

Itafos Price Performance

MBCF stock traded down $0.03 during trading on Wednesday, reaching $1.26. 13,050 shares of the stock traded hands, compared to its average volume of 7,744. The business’s 50 day moving average price is $1.19 and its 200-day moving average price is $1.09. Itafos has a 52-week low of $0.85 and a 52-week high of $1.30.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.