Mitsubishi Motors Co. (OTCMKTS:MMTOF) Sees Large Drop in Short Interest

Mitsubishi Motors Co. (OTCMKTS:MMTOF) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,796,600 shares, a drop of 43.2% from the November 30th total of 4,925,900 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 9,322.0 days.

Mitsubishi Motors Price Performance

Shares of Mitsubishi Motors stock opened at $3.50 on Friday. Mitsubishi Motors has a 52-week low of $2.36 and a 52-week high of $3.57. The company’s fifty day moving average price is $2.78 and its two-hundred day moving average price is $2.78.

About Mitsubishi Motors

Mitsubishi Motors Corporation, together with its subsidiaries, engages in the development, production, and sale of passenger vehicles, and its parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally. Its products include EVs/PHEVs, SUVs, pickup trucks, MPVs, and cars under the Mitsubishi brand.