() saw a significant increase in short interest during the month of May. On May 31, there were 1,558,100 shorted shares. This is a 21.2% increase from the total of 1,285,700 on May 15. The days-to-cover is currently 3,895.3 days based on a trading volume average of 400 shares.
Wall Street analysts forecast growth
Recent comments from several equity research analysts have been made on the stock. In a research report published on May 16th, TD Securities raised their price target for shares of Russel Metals. The new price was C$39.00. Stifel Nicolaus lowered their price target on shares of Russel Metals on Thursday, 18th May from C$42.50 down to C$42.00. During Friday's midday trading, the stock fell $0.25 to $28.02. Stock traded 694 shares compared to 2,798 average. The stock's 50-day moving average is $25.67, and its two-hundred-day moving average is $24.39. Russel Metals's 1 year low is $17.67, and its 1 year high is $28.43.
Russel Metals Company profile
Russel Metals Inc is a metal distributor in Canada and United States. Metals Service Centers and Energy Field Stores are its three segments. Metal Service Centers operates a network metals service center, which provides metal products of various sizes, shapes and specifications. These include carbon hot-rolled and cold-finished steel, pipe, tubular, stainless, aluminum and other nonferrous specialty metals.
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