Short Interest in Mersen S.A. (OTCMKTS:CBLNF) Declines By 85.8%

Mersen S.A. (OTCMKTS:CBLNF) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 54 shares, a decline of 85.8% from the June 30th total of 379 shares. Based on an average daily volume of 46 shares, the days-to-cover ratio is currently 1.2 days.

Mersen Stock Performance

OTCMKTS:CBLNF opened at C$42.47 on Monday. Mersen has a 1-year low of C$41.69 and a 1-year high of C$42.47. The stock has a fifty day simple moving average of C$42.37 and a 200 day simple moving average of C$34.36.

Mersen Company Profile

Mersen is a global specialist in electrical power and advanced materials, offering a comprehensive range of products and services that support the safe and efficient distribution of electrical energy and the development of high-performance materials. The company’s Electrical Power division designs and manufactures a wide array of solutions, including fuses, surge protection devices, busbars, power distribution blocks and enclosures, all engineered to safeguard industrial, commercial and utility installations against overloads, short circuits and transients.

In its Graphite & Carbon Materials division, Mersen produces custom-engineered graphite components, carbon brushes, mechanical carbon parts and high-purity graphite for demanding applications in industries such as semiconductors, solar power, chemical processing, and electric vehicles.