Russel Metals Inc. (OTCMKTS:RUSMF) Short Interest Down 26.8% in March

Russel Metals Inc. (OTCMKTS:RUSMFGet Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 234,700 shares, a drop of 26.8% from the March 15th total of 320,500 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1,173.5 days.

Russel Metals Price Performance

OTCMKTS:RUSMF traded up $1.78 during midday trading on Friday, hitting $30.04. 264 shares of the company were exchanged, compared to its average volume of 1,453. The company has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $30.79. Russel Metals has a fifty-two week low of $23.47 and a fifty-two week high of $35.00.

Russel Metals Company Profile

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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.

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