Short Interest in Mersen S.A. (OTCMKTS:CBLNF) Decreases By 45.5%

Mersen S.A. (OTCMKTS:CBLNF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 600 shares, a drop of 45.5% from the May 31st total of 1,100 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 0.7 days.

Mersen Price Performance

Shares of CBLNF stock remained flat at C$37.15 during trading on Friday. The business’s 50 day moving average is C$37.15 and its 200 day moving average is C$37.62. Mersen has a one year low of C$37.15 and a one year high of C$40.00.

Mersen Company Profile

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.