Russel Metals Inc. (OTCMKTS:RUSMF) Sees Significant Decline in Short Interest

Russel Metals Inc. (OTCMKTS:RUSMF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 234,700 shares, a decrease of 26.8% from the March 15th total of 320,500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1,173.5 days.

Russel Metals Price Performance

RUSMF traded up $1.78 during trading on Friday, hitting $30.04. 264 shares of the company’s stock were exchanged, compared to its average volume of 1,453. Russel Metals has a 1 year low of $23.47 and a 1 year high of $35.00. The stock has a 50 day moving average price of $32.98 and a 200 day moving average price of $30.79.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.