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

Mitsubishi Motors Co. (OTCMKTS:MMTOF) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 5,936,700 shares, a decrease of 21.2% from the July 31st total of 7,536,900 shares. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is currently 715.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC grew its holdings in shares of Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,400 shares of the company’s stock after buying an additional 6,000 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Mitsubishi Motors were worth $73,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.78% of the company’s stock.

Mitsubishi Motors Stock Performance

Shares of MMTOF stock remained flat at $2.43 on Thursday. Mitsubishi Motors has a 1 year low of $2.36 and a 1 year high of $4.45. The company has a 50-day moving average of $2.74 and a 200 day moving average of $2.94.

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.