What’s Propelling MAANSHAN IRON & STEE (OTCMKTS:MAANF) After Lower Shorts Reported?

February 15, 2018 - By Michael Collier

The stock of MAANSHAN IRON & STEE (OTCMKTS:MAANF) registered a decrease of 23.79% in short interest. MAANF’s total short interest was 7.06M shares in February as published by FINRA. Its down 23.79% from 9.26M shares, reported previously. With 4,000 shares average volume, it will take short sellers 1765 days to cover their MAANF’s short positions.

It closed at $0.55 lastly. It is down 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Maanshan Iron & Steel Company Limited makes and sells iron and steel products, and related by-products in the People's Republic of China and internationally. The company has market cap of $4.74 billion. It offers hot-rolled and cold rolled, and galvanized and color coated strips; ship plates, container use strips, electric steel, pipe steel, etc.; H-beam, angle, and channel sections; cold-heading wire rods; and train wheels for wagon cars. It has a 8.33 P/E ratio. The firm also provides railway wheel and tyre, bearing, spring, gear, tool and die, ring, high grade cold heading, non-quenched and tempered, anchor chain, roller, and alloy structural steel, as well as alloy tube billet, steel for heavy castings and forgings, and other series.

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