Russel Metals Inc. (OTCMKTS:RUSMF) Sees Significant Growth in Short Interest

Russel Metals Inc. (OTCMKTS:RUSMF) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 161,200 shares, a growth of 46.4% from the October 31st total of 110,100 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is presently 16.6 days.

Russel Metals Price Performance

RUSMF stock traded down $0.30 on Friday, reaching $31.16. The company had a trading volume of 12,277 shares, compared to its average volume of 1,891. The company’s fifty day moving average is $29.90 and its 200 day moving average is $28.50. Russel Metals has a 1 year low of $26.00 and a 1 year high of $35.00.

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.