Russel Metals Inc. (OTCMKTS:RUSMF) Short Interest Up 46.4% in November

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

Russel Metals Price Performance

Shares of OTCMKTS RUSMF traded down $0.30 during trading on Friday, hitting $31.16. 12,277 shares of the company were exchanged, compared to its average volume of 1,891. Russel Metals has a 1 year low of $26.00 and a 1 year high of $35.00. The firm’s fifty day moving average price is $29.90 and its 200 day moving average price is $28.50.

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.