Short Interest in MISUMI Group Inc. (OTCMKTS:MSSMY) Rises By 56,042.9%

MISUMI Group Inc. (OTCMKTS:MSSMY) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,358,000 shares, an increase of 56,042.9% from the March 15th total of 4,200 shares. Based on an average daily trading volume, of 855,000 shares, the days-to-cover ratio is currently 2.8 days.

MISUMI Group Trading Down 0.9 %

Shares of OTCMKTS:MSSMY opened at $7.55 on Tuesday. The business’s 50 day moving average price is $8.10 and its 200-day moving average price is $8.03. MISUMI Group has a 1 year low of $6.83 and a 1 year high of $9.94.

About MISUMI Group

MISUMI Group Inc engages in the factory automation and die components businesses worldwide. The company operates through three segments: FA Business, Die Components Business, and VONA Business. It offers mechanical components, including shafts, timing pulleys, linear bushings, and flat belt conveyors; and locator devices and measurement equipment, such as automatic stage units, actuators, optical measurement devices, and optical waveguide alignment products.