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

Russel Metals Inc. (OTCMKTS:RUSMF) was the recipient of a large drop in short interest during the month of 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 daily trading volume, of 10,200 shares, the short-interest ratio is currently 25.3 days.

Russel Metals Stock Performance

Shares of RUSMF remained flat at $28.18 on Monday. The company had a trading volume of 18,248 shares, compared to its average volume of 15,108. The business has a 50-day moving average price of $28.49 and a 200 day moving average price of $29.35. Russel Metals has a one year low of $25.32 and a one 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.