MISUMI Group Inc. (OTCMKTS:MSSMY) Sees Large Increase in Short Interest

MISUMI Group Inc. (OTCMKTS:MSSMY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 11,700 shares, an increase of 485.0% from the September 30th total of 2,000 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 1.0 days.

MISUMI Group Price Performance

MSSMY traded up 0.04 during trading on Friday, reaching 8.33. 21,800 shares of the stock traded hands, compared to its average volume of 69,339. MISUMI Group has a fifty-two week low of 6.63 and a fifty-two week high of 9.94. The stock’s 50-day simple moving average is 8.93 and its two-hundred day simple moving average is 8.58.

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.