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

Mersen S.A. (OTCMKTS:CBLNF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,700 shares, a drop of 47.1% from the August 15th total of 7,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ? days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ? days.

Mersen Price Performance

Shares of CBLNF stock opened at C$28.64 on Friday. The stock has a 50-day simple moving average of C$26.09 and a 200 day simple moving average of C$24.69. Mersen has a fifty-two week low of C$20.78 and a fifty-two week 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.