Short Interest in Mersen S.A. (OTCMKTS:CBLNF) Grows By 340.0%

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 2,200 shares, a growth of 340.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 11.0 days.

Mersen Stock Performance

Shares of OTCMKTS:CBLNF remained flat at C$28.80 during midday trading on Friday. 110 shares of the company traded hands, compared to its average volume of 317. Mersen has a twelve month low of C$28.80 and a twelve month high of C$40.00. The business has a 50 day moving average of C$35.98 and a 200-day moving average of C$36.95.

About Mersen

Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. The company offers electrical protection and control products, such as IEC and UL/CSA low voltage general purpose fuses and fuse gears, high and medium voltage fuses, surge protection, lightning protection and power monitoring, and power transfer solutions for rail vehicles; and power management solutions, including high speed fuses, DC protection for electric vehicles and battery, cooling solutions, bus bars, and aluminum electrolytic and film capacitors.