Russel Metals Inc. (OTCMKTS:RUSMF) Short Interest Up 16.8% in September

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 short-interest ratio is presently 170.0 days.

Russel Metals Stock Up 0.9 %

Shares of RUSMF traded up $0.27 during trading hours on Friday, hitting $30.46. The stock had a trading volume of 327 shares, compared to its average volume of 1,264. The company’s fifty day moving average is $28.20 and its two-hundred day moving average is $28.76. Russel Metals has a 52 week low of $24.34 and a 52 week high of $35.00.

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.