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

Mersen S.A. (OTCMKTS:CBLNF) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,100 shares, a drop of 50.0% from the October 15th total of 2,200 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 0.4 days.

Mersen Stock Performance

CBLNF remained flat at C$21.20 during trading on Thursday. The business has a fifty day moving average price of C$32.38 and a two-hundred day moving average price of C$35.69. Mersen has a one year low of C$21.20 and a one 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.