Short Interest in Russel Metals Inc. (OTCMKTS:RUSMF) Drops By 37.9%

Russel Metals Inc. (OTCMKTS:RUSMF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 257,900 shares, a drop of 37.9% from the February 28th total of 415,000 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is currently 25.3 days.

Russel Metals Stock Performance

Shares of OTCMKTS RUSMF remained flat at $28.18 during trading on Monday. The company’s stock had a trading volume of 18,248 shares, compared to its average volume of 15,108. The company has a 50 day simple moving average of $28.49 and a two-hundred day simple moving average of $29.35. Russel Metals has a 1 year low of $25.32 and a 1 year high of $33.05.

About Russel Metals

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.