Mitsubishi Motors Co. (OTCMKTS:MMTOF) Sees Significant Decrease in Short Interest

Mitsubishi Motors Co. (OTCMKTS:MMTOF) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 5,414,700 shares, a drop of 17.6% from the August 31st total of 6,567,500 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 10,829.4 days.

Mitsubishi Motors Stock Performance

Shares of MMTOF stock traded up $0.12 during trading hours on Friday, reaching $2.85. 1,800 shares of the company’s stock were exchanged, compared to its average volume of 1,793. Mitsubishi Motors has a fifty-two week low of $2.36 and a fifty-two week high of $4.01. The stock’s 50 day moving average is $2.65 and its 200-day moving average is $2.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC lifted its stake in shares of Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,400 shares of the company’s stock after buying an additional 6,000 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Mitsubishi Motors were worth $73,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.78% of the company’s stock.

Mitsubishi Motors Company Profile

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.