Short Interest in Russel Metals Inc. (OTCMKTS:RUSMF) Rises By 16.8%

Russel Metals Inc. (OTCMKTS:RUSMF) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 476,000 shares, a growth of 16.8% from the August 31st total of 407,500 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 170.0 days.

Russel Metals Stock Performance

Shares of RUSMF traded up $0.27 on Friday, reaching $30.46. 327 shares of the stock traded hands, compared to its average volume of 1,264. Russel Metals has a 12 month low of $24.34 and a 12 month high of $35.00. The stock’s 50-day moving average price is $28.20 and its 200-day moving average price is $28.76.

Russel Metals Company Profile

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.