Mersen S.A. (OTCMKTS:CBLNF) Sees Significant Decline in Short Interest

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 200 shares, a drop of 60.0% from the February 28th total of 500 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 0.2 days.

Mersen Price Performance

Shares of CBLNF opened at C$24.09 on Thursday. Mersen has a 1 year low of C$20.78 and a 1 year high of C$40.00. The stock has a 50 day simple moving average of C$21.86 and a two-hundred day simple moving average of C$25.11.

About Mersen

Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. The company offers electrical protection and control products, such as IEC and UL/CSA low voltage general purpose fuses and fuse gears, high and medium voltage fuses, surge protection, lightning protection and power monitoring, and power transfer solutions for rail vehicles; and power management solutions, including high speed fuses, DC protection for electric vehicles and battery, cooling solutions, bus bars, and aluminum electrolytic and film capacitors.