Itafos Inc. (OTCMKTS:MBCF) Sees Large Drop in Short Interest

Itafos Inc. (OTCMKTS:MBCF) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decrease of 80.0% from the January 15th total of 1,000 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.1 days.

Itafos Price Performance

Shares of Itafos stock traded up $0.06 during trading on Wednesday, reaching $1.40. 4,000 shares of the company’s stock were exchanged, compared to its average volume of 9,370. Itafos has a 1-year low of $0.85 and a 1-year high of $1.41. The firm’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.21.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.