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

Mitsubishi Motors Co. (OTCMKTS:MMTOF) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 7,821,300 shares, a decline of 24.2% from the May 31st total of 10,312,400 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 15,642.6 days.

Institutional Trading of Mitsubishi Motors

A hedge fund recently raised its stake in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC raised its position in Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,400 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Mitsubishi Motors were worth $73,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 9.78% of the company’s stock.

Mitsubishi Motors Stock Performance

Shares of MMTOF stock remained flat at $2.88 during trading on Friday. The company has a 50-day moving average price of $2.93 and a 200-day moving average price of $3.07. Mitsubishi Motors has a 12 month low of $2.71 and a 12 month high of $4.45.

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.