Mersen S.A. (OTCMKTS:CBLNF) Sees Significant Decrease in Short Interest

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 500 shares, a decline of 54.5% from the October 31st total of 1,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 5.0 days.

Mersen Stock Performance

Shares of CBLNF stock remained flat at C$21.20 during mid-day trading on Friday. The stock’s 50-day simple moving average is C$28.68 and its 200-day simple moving average is C$34.49. Mersen has a 1-year low of C$21.20 and a 1-year high of C$40.00.

Mersen Company Profile

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.